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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