These are top of the bubble prices, which goes to show, we haven't learned much.
Like most of the other comments, I believe it's a sellers market. If you're selling, now's the time. If you're buying, there are 2 things to consider.
1. Housing prices are still way down from where they were a few years ago and
2. Interest rates are still at all-time lows.
Let me know if you have any other questions.
Welcome to 2012 real estate - definitely trying to turn the corner to become a seller's market!!! In some areas, this change is astoundingly evident. For your 48302 zip code however, comparing the month of June 2011 to June 2012, data appears to be inching along instead - but definitely headed in this direction:
*Number of listings were reported down (1.56%)
*Volume of sales were reported down (7.41%)
*Median sales price was reported up at $278K (up from $230K)
*Figures as reported by our local MLS system
Obviously each property will create its own destiny if/when it enters the listed market. But this year in general if a property is appealling, it WILL sell very quickly. I would be happy to provide you a complimentary (property specific) snapshot of your market - please feel free to call/email me accordingly!!
Century21 Town & Country
Prices in the area have been rising since the end of 2010. It seems to be a sellers market right now. I don't know how long it's going to last as I keep hearing stories of a wave of foreclosures heading our way from all the forecasters predictions. It's definitely a solvers market currently. When homes are getting multiple offers and they're privately owned it is a good sign on the road to