Your Local Housing Market Update for December 2019

Your Local Housing Market Update for December 2019

It’s a new month, which means I’m here to share with you the latest housing market stats. We’ll be looking at November and comparing 2019 to 2018. 

What you’ll find is median sales price is trending down and housing inventory is mixed. So, what does this mean? 

If you’re a buyer, it’s a great time to get out there! Prices are in your favor and in most areas, there are plenty of options. 

If you’re a seller, it’s a great reminder of how important it is to have the right real estate professional who knows the area, can effectively market your home, and can help you come up with a great pricing strategy. 

That’s it for now. Thank you for your time and take care!

Northville
Northville Twp
Novi
Plymouth
Plymouth Twp
Buyer Consultation
  • Review the home-buying process from start to finish
  • Discuss your home-buying goals and needs
  • Learn about buyer agency representation
  • Review current market conditions
  • Review available homes on the market
Schedule & Tour Homes
  • Apply for mortgage pre-approval
  • Receive customized home search via email and/or in person
  • Notified of any upcoming homes prior to coming to market
  • Review and select available homes to visit
  • Schedule private showings for interested listings
  • Receive listing handout for each home we visit
Contract Negotiations
  • Select home
  • Review comparative market analysis (CMA), seller’s disclosure, and supporting documents for home
  • Write offer to purchase and negotiate price and terms
  • Offer acceptance and earnest money deposited
  • Arrange for home inspection
  • Accept inspection results or request repair/remedy
Closing
  • Mortgage appraisal and mortgage approval
  • Final walk through (if needed)
  • Review closing documents
  • Coordinate closing date, time, location, and contacts
  • Close on sale of home
  • Provide copies of all closing documents