It is a good time to be a buyer or a seller in this Real Estate market.  If you are looking to purchase, interest rates are still as low as I have ever seen them in almost 15 years in the business.  As of today, the average rate for a 30 year fixed rate mortgage is 3.75%.  That is incredibly low by almost any standard.

The only issue many of our Buyers are running into is lack of inventory and intense competition with other purchasers.  We have been able to implement some innovative systems to insure that our clients are able to see a new listing as soon as one hits the market.  With these systems in place, We have been able to achieve a very high success rate for our Buyers in the face of some serious competition.

If you are looking to sell your home in the near future, location is an important factor in terms of marketing time.  Houses that are priced right along the Woodward Corridor are generally selling in a matter of days.  Among the hottest markets in Oakland County right now is Hazel Park.  The median sale price so far this year in Hazel Park is up 17% over last year!  If you are looking to get in on the ground floor there, the time to do it is now!

Most of Macomb County is seeing slightly slower appreciation and longer days on market due to a higher number of competing listings and competition from new construction.  That said, almost every ZIP code in Macomb County is showing appreciating home prices vs. this time last year.  Wayne County is a mixed bag with some areas, especially parts of Detroit seeing phenomenal growth, while other areas are stagnant.

If you are looking to buy or sell a home in the near future or you know someone who is, We would be honored if you would put your faith in M 1 Realty to help you accomplish your goals.  We have the years of experience in this complicated business to get you into your dream home.  Furthermore, there is nobody in the Real Estate Industry who is going to out-work us.  We always put our clients needs before our own and as a result, we have a growing and loyal client base who we are proud to be able to work with.  Let us know how we can help you.