As we approach Super Bowl weekend (the unofficial start of Real Estate season), let’s look back on 2025 and see how our local Plymouth, Canton, Northville and Novi markets did. Overall, real estate values in our community continue to be steady and strong. The number of new listings has grown very gradually helped by new construction (especially by condos). Prices remain high with slightly fewer showings per listing and marginally longer days on market. This has gently shifted the balance between sellers and buyers but not dramatically so. Buying activity remains strong even with interest rates holding around 6%. And buying remains competitive for desirable homes with asking price offers is some cases.
The following charts help illustrate some of the current trends in our market:
Median Price Per Square Foot Last 10 years – Continued Steady Growth
Median Sales Price for Home Single Family Homes above 2500 Sqft Last 10 Years
Median Sales Price Last 10 Years All Properties
Showings Per Listing Last 10 Years – Fewer Showings and Less of a Sellers Market than Post Pandemic Highs
Number of Single Family Homes for Sale Last 10 Years – Still Very Low With Existing Low Interest Rate Mortgages, High Prices and Lack of Inventory Keeping People in their Current Homes
Number of Condos for Sale Last 10 Years – Availability Increasing Partially Driven by New Construction
Average Days on Market Last 10 Years – Showing Slight Increase But Still Very Low
So in summary, the market remains very tight especially for single family homes while there is some increasing supply on the condo side.
If you are planning to buy this year, it’s important to prepare now and see as many homes as possible so when the right one does come along, you are ready to act quickly. When the new crop of listings come to market, experienced buyers will be ready to move without hesitation while new buyers are sometimes left wondering.
If you are planning to sell, it’s always important to prepare your home and time the launch to capture as many buyers as possible. That first week on market is crucial since that’s when your pool of existing buyers is greatest.
(Updated 12-17-18). We had dinner last night at the new 
We are very excited to present this painting of Kellogg Park by 
The old Saxton’s site at the corner of Ann Arbor Trail and Deer could see redevelopment very soon. Currently being employed primarily as a parking lot, there are now 3 proposals being considered to redevelop the site into low rise residential, retail, and parking. To learn more about the plans and proposals, you can see the presentations by clicking on the following link: