MEDIAN SALES PRICE CONTINUES CLIMB WHILE ONMARKET
INVENTORY LEVELS DECREASE FURTHER
PRICES BUOYED BY HIGH NONFORECLOSURE
SALES
Analysis:
On‐market inventories continue to decline in most areas (37,665 in September 2010 compared to 45,706 in September 2009)
NON‐foreclosure sales outpaced foreclosure sales (3,127 non‐foreclosure sales vs. 2,095 foreclosure sales)
Average days on market decreases include: ALL MLS decreased by 9 days to 94; Metro Detroit decreased by 11 days to 90.
When comparing 2010 to 2009 sales, important to consider that September ’09 sales were at record levels (highest since 2005)
Thinking about buying or selling in this market requires a professional.
I'm available in Helping You Make The Right Move
Karina Ball
586-212-5125
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