Through the first 4 months of 2014, Plymouth real estate prices continue to surge upward. Median sales prices for residential homes are now at pre-recession levels across the area – both the City and Township. The supply of resale homes also continues to show improvement as more sellers take advantage of near record level values. The data below clearly illustrates that values have continued to increase although not quite as sharply when compared to last year. With prices increasing so high and so quickly, it’s difficult to predict how much higher the market can go. So it’s more important then ever to ensure the home you buy truly meets your current and future needs in terms of location, functionality, and resale potential. I’ll have a similar view of the Northville market in an upcoming post.
If you are considering buying or selling in the area and would like an informed, professional opinion from people who know the local market and how to buy and sell a home, click here to contact us.
Patrick Wong, Associate Broker – Coldwell Banker Weir Manuel