Homebuyers In Lapeer Have An Opportunity Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the Lapeer housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But […]
New Home Sales In Lake Orion Near 10 Year High
“positive reports show there is a need for new single-family homes…” New-home sales jumped to the highest level in nearly a decade, with sales of new single-family homes climbing 12.4 percent month-over-month and reaching a seasonally adjusted annual rate of 654,000, the Commerce Department reported Tuesday. That marks the highest level since October 2007. Low […]
Home Sales Up As First-Time Buyers In Lake Orion Re-Emerge
“first-time buyers comprised 33 percent of the market last month, the highest level since July 2012“… First-time home buyers flooded the market last month, reaching their greatest share in nearly four years, according to NAR’s latest housing report. Existing-home sales climbed across the country in June, except for the Northeast, as the summer continued to […]
Home Sales Would Be Higher If …
“13 percent more consumers looking to purchase a home but there are 5 percent fewer homes for sale…“ Homes are selling at the fastest rate since 2007, but sales could be even higher if not for the ongoing lack of inventory in many markets, notes Jonathan Smoke, realtor.com®’s chief economist, in his latest column. Forty percent […]
Home Sales At Highest Pace In 9 Years
“this spring’s sustained period of ultra-low mortgage rates has certainly been a worthy incentive to buy a home, but the primary driver”… All major U.S. regions except the Midwest saw an uptick in existing-home sales last month, the National Association of REALTORS® reported Wednesday. As tight inventories continue to plague many markets, the median sales […]
Homes For Sale and Sold / Local Market Update For November 2016
Dec 10, 2016 Oakland County: New listings down 9.9% from November 2015 Closed sales up 13.8% Days on market until sold is 21 days Average sale price is $262,000 up 9.6% Inventory of homes for sale down 36.2% Months supply of inventory is 2.7 months Lapeer County: New listings down 44.3% Closed sales up 14.1% […]
We Hope You Had A Great March 2016!
We Hope You Had A Great February 2016!
Hello, we hope you had a great February and are staying warm until spring starts warming us up! We had a pretty good February for home sales and expect the rest of the year to continue this trend. Residential sale prices for Oakland and Lapeer counties were up 10.6% on average and the average price […]
Sales Make Gains But Prices “Rising Too Fast”
Existing-home sales kicked off 2016 on solid footing, according to the National Association of REALTORS®’ latest housing report, released Tuesday. Existing-home sales in January moved to their highest annual rate in six months, while constrained inventory levels also pushed home prices to their fastest increase since last April, according to the report. All regions in […]
Clarkston MI, Current Real Estate Market, 2016
Clarkston Homes For Sale Search All Properties For Sale What Is Your Clarkston Home Worth Recently Sold Homes Down Payment Resource Center Meet Don Horne Single Family Home Sales In The 48346 Area: * new listings = 40 * sold listings = 21 * average sales price = $200,000 * average days on market = […]