2013 Plymouth Township Real Estate Value and Sales Summary

Screen Shot 2014-01-08 at 11.37.59 AM2013 Plymouth Township historical real estate data verifies what we’ve seen all year – values have continued to increased steadily due to limited inventory of available homes. Prices are comparable to historical highs and the recovery has been swift.  With the local economy improving dramatically and the annual cycle of new buyers combined with buyers who delayed buying during the recession, the result is a seller’s market. Recently, supply has improved slightly and homes aren’t as likely to sell instantly but time on market is always more dependent on pricing than supply/demand dynamics.

Both median sales prices and sales volume have recovered strongly to pre-recession levels. The number of sales has been increasing steadily for the past several years. If you are considering buying or selling a home in the Plymouth/Northville area in 2014, feel free to contact us and we’d be happy to discuss your plans and offer our help.  Please also visit our homepage at www.bobbake.com.

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