Even though we are a relatively small brokerage our buyer focus gives us some good insights into the market.
We’ve been feeling the challenges of trying to find nice homes and good prices for our buyer clients again this year. Is it worse than the last couple of years? Maybe not. But it is difficult.
One of our appraiser friends Rachel Massey has done a lot of research on the residential market movements for Washtenaw County. April first she did an updated scan of her “Contract To Listing Ratio”.
You can see her full post here: https://annarborappraisal.blog/2019/04/01/april-1-2019-washtenaw-county-market-snapshot/
This looks at the number of listings in an area compared to the number that is actually under contract. You can see the different colors represent different ratios, which means Seller’s market (Green), balance market (Yellow), and buyer’s market (Orange). (Note a large number of new construction offerings in Dexter create the “buyer’s market”. It isn’t a perfect analysis.)
If you are interested in buying a home with the help of a real estate company that works for you, call us at 734-662-6240.
WE HELP CONDO AND VACANT LAND BUYERS IN WASHTENAW COUNTY. WE ALSO SERVE LIVINGSTON, WESTERN OAKLAND, AND WESTERN WAYNE COUNTIES, INCLUDING: ANN ARBOR, BELLEVILLE, BEVERLY HILLS, BINGHAM FARMS, BIRMINGHAM, BLOOMFIELD HILLS, BLOOMFIELD TOWNSHIP, BRIGHTON, CANTON, CHELSEA, COMMERCE, COMMERCE TOWNSHIP, DELHI, DEXTER, DIXBORO, DOVER, FARMINGTON, FARMINGTON HILLS, FRANKLIN, GREEN OAK, HAMBURG, HARTLAND, HIGHLAND, HOWELL, HUDSON MILLS, KEEGO HARBOR, LIMA CENTER, LOCH ALPINE, LODI TOWNSHIP, MANCHESTER, MILAN, MILFORD, NORTHVILLE, NOVI, NOVI TOWNSHIP, PLYMOUTH, PINCKNEY, RAWSONVILLE, SALEM, SALINE, SCIO, SCIO TOWNSHIP, SHARON, SHARON HOLLOW, SOUTH LYON, SUPERIOR, WALLED LAKE, WEBSTER, WEST BLOOMFIELD, WHITMORE LAKE, WHITTAKER, WILLIS, WILLOW RUN, WIXOM, WOLVERINE LAKE, YPSILANTI. THIS INCLUDES AREAS NEAR THE UNIVERSITY OF MICHIGAN AND EASTERN MICHIGAN UNIVERSITY.