NEws & Research
Research from around the area:
Podcast:
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https://open.spotify.com/episode/3TblQ0LKRBuBDaxZaSsO5Q?si=d0bfe50667ef4e79
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Months Supply
Metro-Detroit Area, MI (April 2022)
Figure 1. "Months Supply of Homes for Sale" has continuously dropped within the Metro Detroit area. Now, a "normal" market is 4-6 months worth of inventory, so 1.4 months of inventory is relatively low.
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Homes For Sale
Metro-Detroit Area, MI (April 2022)
Figure 2. "Homes For Sale" shows that the amount of homes for sale has continuously decreased over the past three years (within the Metro Detroit area).
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Median Sales Price
Metro Detroit, MI
Figure 3. The "Median Sales Price" has continuously increased over the past three years.