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City of Warren – Macomb County MI – real estate market report for June 2009

July 17th, 2009 · 1 Comment · Macomb County MI real estate market report, warren MI

The City of Warren in Macomb County MI saw some reduction in the
amount of homes going on the market last month (June of 2009) compared
to the same period last year.

Homes
listed June 2009
:      262
Homes listed
June 2008
:     340

The average total days on the market also showed a nice drop in June ’09
compared to the same period in 2008:

Days
on the market June 2009
:
127
Days on the
market June 2008
:        206

One of the areas though that wasn’t good to see were the sales prices.
Of the 131 homes that sold in Warren MI in June of 2009 almost all of them
were  sold for under $100,000.

Homes
sold in Warren MI in June 2009:
131
Homes
sold in Warren MI in June 2009 under $100,000:
122

That’s a bit scary.  It’s also a strong sign that if you need to sell your home
you had better price it to sell keeping in mind the foreclosures & short sales
in your neighborhood.  Likewise, if you don’t have to sell, don’t. Wait until
the real estate market recovers a bit.

If you would like home sales information for your area please don’t hesitate
to contact me.  I would be happy to do a detailed analysis for you.
No pressure, just conversation.

**All data is provided courtesy of the real estate agents and brokers with  Mirealsource™
and is deemed to be reliable but not guaranteed.**

~Kris Wales~  A partner for your real estate needs in Macomb County MI.


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1 response so far ↓

  • 1 Paul // Jul 19, 2009 at 8:08 am

    I’m going to email you about my house. Please get back with me this weekend about it. Thanks.

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Important copyright information: All photos were taken by Kris Wales. Do not copy and use photos for your own use, whether it be for personal or commercial purpose. All articles were written by Kris Wales. Once again, do not copy and use for your own purposes. Important disclaimer: Views expressed on the blog by the author and commenters do not express the views of Keller Williams Realty. All information contained is deemed to be reliable at the time of posting but not guaranteed.