Michigan Real Estate

Real Estate is a local business and our Team is here to serve your needs in the Oakland County area. Our office, Hannett, Wilson & Whitehouse LLC, Realtors is located at 880 S Old Woodward Avenue, Birmingham, Michigan. We are life long residents and know the Detroit Metro area very well and can help you with you real estate needs anywhere in the tri county area.

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Name: Doug & Kathie Whitehouse
Location: Birmingham, Michigan, US

Doug and Kathie have been practicing real estate for over 26 years and are top agents in SE Michigan and across the country. The Whitehouse Team is ranked in the Top Realtors worldwide. Doug was 2005 President of the Michigan Association of REALTORS® and Kathie was the 2005 Women’s Council of REALTORS® Member of the year. They are frequent speakers at State conventions and Women’s Council of REALTORS® functions. They members of the CyberStars, a nationally recognized group of 200 REALTORS® around the United States the have been acknowledged for their superior real estate marketing skills using the latest technology. They specialize in servicing Oakland County in Birmingham, Bloomfield Hills, Beverly Hills, Berkley, Clarkston, Farmington Hills, Franklin, Bingham Farms, Milford, Novi, Pleasant Ridge, Rochester Hills, Royal Oak, Troy, West Bloomfield, and White Lake, Michigan.

Tuesday, January 10, 2006

Michigan Market Conditions

Residential Highlights ... Birmingham, Michigan

This is a great time to be looking for a new home when the prices are reasonable.

Oakland County's inventory is on the rise. The 12,498 active residential listings at the end of last quarter would last 12.34 months at the current rate of sales. The county saw 3rd quarter 2004 sales of 4,160 homes Sold drop to 3rd quarter 2005 sales of 3,037 homes Sold. Sales dropped 26.99%.
Appreciation Did Not Continue...Average sale prices did not appreciate, but it went down very little. During the 3rd Quarter that ended with Sept. 2005 it was down 0.0762% from the 3rd quarter ending Sept. 2004 ($262,400 v. $262,600).


Angus said...

Great post! It's interesting to see the markets around the country. In Naperville we still experienced an appreciation rate of about 9% in 2004, but we had fewer sales and the market times have increased.

1:40 AM  

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Doug & Kathie Whitehouse is a proud member of the ActiveRain Real Estate Network. This network is a free online community to help real estate professionals promote their business over the Internet. You can find other outstanding Michigan real estate agents on activerain.com.