The Midland, Michigan Real Estate market usually heats up in the early spring. Last year, our local REALTORS® noticed things picked up a bit early- possibly due to the weather. So how are we doing this year? We've compiled some data for you and analyzed the sales year to date.
Demand for single family homes fluctuates based on price, location, and size. Since January first of 2014, REALTORS® in the Midland Board have sold 115 residences. Broken down by number of bedrooms, nearly 60% of those sales were homes with three bedrooms. The graph above shows the full break down of the homes sold this year. This year's sales are broken down by price range in the graph below.
While there have not been as many new listings added to the Midland area market this year as last year at this time, sales have remained steady. This leaves us with about 4% fewer homes available for sale. Lower inventory and strong demand means that buyers may experience competition for a home they decide to purchase. For the same reason, prices are likely to remain strong which is good news for home sellers.
For more detailed information about the Midland real estate market, home values, and homes for sale in the Midland area give us a call at 989-698-1100, or visit our website: www.parkplacehomesonline.com! We'd love to help in any way we can.