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November 27, 2009

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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Erie, Michigan

Reported by Frank Pisanti, REALTOR, GRI, e-PRO

Updated October 13, 2009.

Current Market Rating: 1



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2
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5
Buyer's

Seller's

Current Price Trend: 2




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2
3
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5
Falling

Rising

It still remains a strong buyers market due to the number of listings available. However over the past month the following statistics are available. Homes are selling and it is a good time for buyers because of the low interest rates.Sellers experience a longer time on market because of the inventory.

It still remains a strong buyers market due to the number of listings available. However over the past month the following statistics are available. Homes are selling and it is a good time for buyers because of the low interest rates.Sellers experience a longer time on market because of the inventory.

Total For Monroe County - Thru Sept 2009

Total Homes Sold - 1076
Units Listed- 2109
Remaining Units- 1033
Inventory Accum - 8.64 Months
Average List Price- $ 139,491
Average Sold Price- $ 100,809
Days on Market- 117

Total for Erie Township- Thru Sept 2009

Total Homes Sold - 44
Units Listed- 82
Remaining Units- 38
Inventory Accum - 7.77 Months
Average List Price- $ 138,300
Average Sold Price- $ 76,511
Days on Market- 92

Call me at 734-847-6341 or 734-856-4300 if you have any questions concerning the area or market.



ZIP Code: 48133

Location Characteristics: Erie Township anchors the south-east corner of the state, and has slowly grown to a community of just under 5,000 people. It has remained a largely rural community with fine orchards, many farms, and the sweetest corn available anywhere in the summer months. Erie township has a very good school district and is centered at the Erie-Mason School located on Luna Pier Road just east of Telegraph Road. If you like to live in a rural community near Lake Erie then Erie township is for you.

For More Information:

View Market Conditions of other areas served by Frank Pisanti

Navigate: Top > Michigan > Erie

About Frank Pisanti:
I am an Associate Broker with GERWECK Real Estate specilizing in residential and commercial properties in Southeast Michigan and Northern Ohio. I currently have a GRI and e-PRO designation. I have sold over 16 Million Dollars in sales over the last 4 years. If you are either looking to buy or sell please give me a call. I will provide a quick and professional response.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 4.83%
15 Year Fixed: 4.32%
1 Year Adj: 4.35%
(U.S. Weekly Averages)

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