real trends for today
Beth Pressler CRS GRI LTG
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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 Buyers 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
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