Help on home buying in the Plymouth, Canton, South Lyon, Livonia, Belleville, Novi, Northville areas.

Monday, March 26, 2007

Still a quiet market in Plymouth

Currently there are about 343 homes on the market in the Plymouth area priced under about $550,000.

In all of 2006 there were about 309 closings in the same area.

This means that there is over a year of inventory currently. This time in 2002 we might have seen 4 months of inventory.

On the luxury home side we currently see about 26 homes on the market in Plymouth.

In 2006 there were a total of about 15 homes that sold priced above $550,000. That means that at best about half the Plymouth luxury homes on the market now will still be on the market a year from now.

This is exactly the type of information you want to have to make a good home buying decision.

You also want a company on your side!

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