Howell Michigan Home Buying

Notes on home buying in Howell, Brighton, and the surrounding areas.

Monday, March 26, 2007

Howell Michigan Real Estate Market is still SLOW

At the end of the first quarter of 2007 we would normally expect the market to be moving along fairly quickly. (Based on 9 of the last 10 years.)

Well, it isn't. Taking a quick look at inventory levels I see that we have about 200 homes listed for sale right now.

In all of last year there were roughly 125 homes that were actually listed and sold.

Doing a little math you can see that right now there is almost one and three quarters years worth of inventory.

We've really never seen any time like this in the 15 years I've been full time in the business.

A rough time to be selling but a great time to be buying.

But be careful, you really should make sure you are working with a company who represents you and not a bunch of those sellers!