It’s time once again to recap sales trends in our area with the Summer selling season now behind us. The City of Northville and Northville Township real estate markets continue to show good demand, limited supply, and consequently – steadily rising prices. Median sales prices for single family homes and condos are up again this year and near pre-recession highs.
If you live in the City of Northville, I’m sure you’ve heard your friends and neighbors talk about a house that sold quickly while another does not. Not every home will sell instantly for a high price – especially in the higher price ranges where there are fewer buyers and the selling process can take longer. A home may also be priced too optimistically and may need a price adjustment to capture a buyer.
In the Township, prices are up while more supply is starting to come online. There are also more new construction options available as new developments begin to break ground.
Will the market go even higher in 2015 is something we can’t predict but there doesn’t appear to be any let up in demand at the moment.
If you would like to discuss buying a home in Northville – City or Township, please contact us and we would be happy to assist you: Carrie Bake, Associate Broker, at (734) 788-2398 – firstname.lastname@example.org, Patrick Wong, Associate Broker,at (734) 272-8375 – email@example.com, or Stephanie Brown, REALTOR, at (734) 620-4536 – firstname.lastname@example.org.