real trends for today
Volume IX  Issue 1                                                                             1st Quarter 2001 

                                             

Beth Pressler  CRS   GRI  LTG

Higbie Maxon Agney, Inc. REALTORS®
83 kercheval
grosse pointe farms, mi 48236
313.886.3400

Toll Free 1.888.886.4060

 

 

First Quarter Stats Reveal Longer Market Time/More Closed Properties in 2001

 

 

 

On average, more homes closed in the first Quarter of 2001in most of the Pointes than in the first Quarter of 2000. The City saw a dramatic change in less homes closed in 2001 than in 2000.

Homes were, however, on the market longer (in all cases) in 2001, suggesting a shift to a Buyer’s market. Not to worry, Sellers. You can still except fair prices but not anything like the explosive Spring market in 2000. The volatile stock market, lower interest rates, car-related industries complexions: these are factors that contribute to our changing housing market. The Grosse Pointes continue to appreciate as it has over years of high interest rates and the like. v

 

 

Source: Realmatrix Multiple Listing Service

 

 

January – April 2000 January – April 2001
Shores

4 Homes/107 Days on Market

4 Homes/215 Days on Market

Woods

52 Homes/55 Days on Market

67 Homes/64.7 Days on Market

Farms

28 Homes/63 Days on Market

42 Homes/63 Days on Market

City

20 Homes/67 Days on Market

5 Homes/89.6 Days on Market

Park

28 Homes/66 Days on Market

26 Homes/67.3 Days on Market

Email me at: beth@bethpressler.com

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