Wondering what your home is actually worth in this market? Get your free home value report here: https://www.leslieemartin.com/metro-detroit-home-worth/Understanding the current housing market depends entirely on your price point. Here is what the data says about home sales.Recent data indicates that the broader housing market is experiencing a split in activity. While we often look at the industry as a whole, current real estate trends show that performance varies significantly depending on the price range of the property.According to the National Association of Realtors, homes priced under $250,000 are seeing a decrease in sales volume. Conversely, properties above $750,000 have experienced double-digit growth. This shift in market sentiment is important to understand when evaluating home prices in your specific area.Subscribe for weekly real estate updates, and comment below if you have questions about how these trends affect your local area.Ask ten people how the housing market is doing and you'll get ten different answers. They're all sort of right, because the market is not one market right now. It's running on two separate tracks, and which track your home is on comes down to price point, condition, and location.In this episode I break down the national split between entry level and higher priced homes, then bring it home to Metro Detroit with the August numbers: 4,282 sales, a median sales price of $337,500, and a county by county look at where prices actually moved. I cover what the move up seller should expect, what the entry level seller needs to get right, why days on market crept up to 25 days, and why this fall is the last real window of motivated buyers before things slow for year end.If you're thinking about selling, pricing and presentation are doing more work this year than they did last year. Knowing your track up front is what makes the difference between a smooth sale and a listing that sits.Thinking about listing soon? My free Home Seller's Guide walks you through the whole process: https://www.leslieemartin.com/download-the-home-sellers-guide/Buying instead? Start here: https://www.leslieemartin.com/download-the-home-buyers-guide/I'm Leslie E. Martin, a Realtor serving Gibraltar, Trenton, Woodhaven, Grosse Ile, Flat Rock, Rockwood, and the surrounding Metro Detroit communities.Let's talk about your move:Website: https://www.leslieemartin.com/Email: [email protected]: (734) 846-8358
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