Below is the Wayne County MI real estate market report for the 4th quarter 2017. I wanted to share this with you to help you in your real estate move if you are in the market right now. This report will show you whether it is a buyers or sellers market. I am going to go over with you if you are a seller. If you are selling a home in Wayne County and this report is showing that is is a seller's market that is a good thing for you. What that means is the demand is high, you may be able to push your list price higher than normal. If your home is updated and move in ready then you are going to be able to list your home at the top of the price range. You may be able to get more money for your home than any home has sold for in the neighborhood. If your city, and your price range is a buyers market you want to price your home competitively so your home sells. If you over price your home in a buyers market you are going to be sitting on your home for a long time. You will be lowering your price to get your home sold.
Now if you are a buyer in a seller's real estate market you have to go for the gusto. You may be finding that homes are selling quickly. You may be losing homes in multiple offer situations. Sometimes the best homes in seller's markets get over 10 offers. You have to put your best foot forward putting out the best offer you can afford. Your terms have to be good. You cannot ask for too much from the seller. Asking for sellers concessions or even a home warranty could cost you the home. Many times in a seller's market homes sell very close to list price and sometimes even over list price. Now if it is a buyers market in Wayne County you have the ability not to offer list price, you may even be able to put in a low priced offer depending on how long the home has sat on the market. A buyers market offers great deals for buyers.
Like normal our cold SE Michigan winters has slowed the real estate market down. With kids being in school, the holidays, and the cold weather our first two months of the year are usually the slowest closing months in our year Metro Detroit real estate market.. Real Estate One does a nice quarterly report showing what is happening in Metro Detroit
This Wayne County 2017 Market Report shows number of sales, number of for sale and how many months supply. Green means sellers market, Blue means normal market, and Brown means buyers market. We have it broken down by city for you.
4th Quarter 2017 Wayne County real estate report
Wayne County 4th Quarter real estate report page 2[/caption]
This 4th quarter Wayne Quarter real estate report should give you an idea of what is going on in your neighborhood. It will help you if you are looking to buy or sell. You do not want to list your home high if your homes price range is a buyer's market. Nor do you want to put in a low ball offer if you are a buyer if it is a seller's market in the city you are looking in. Both of those scenarios would make it harder for you to make a move. Whether you are buying or selling this report should help you in your next move. http://www.Michiganrelocationguides.com
