Bloomfield Village, MI Real Estate News

Below is a comparison of January 2009 to January 2010 monthly housing numbers.  Please see the cliff notes below for a quick read, but make sure you check out your individual city to find out how your municipality stacks up.  It is noticeable that sales our up by 21% and home inventories are down by 16% (shrinking inventories and rising sales units is good medicine to cure market glut!!). Though, on average the sale prices are still down, the fact that homes are selling leads to a bottoming out trend which is hopeful and desperately needed.  If inventories continue to shrink, prices will stabilize though scarcity of available homes to purchase.  This is good news, supply and demand leveling out. We are not out of the woods yet but I feel we are more then 1/2 through!!! Mike Sher, Max B...
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 To all of my loyal Blog Readers and to those who just want to know where I am.  I have accepted the position as the newest Associate Broker at Max Broock Realtors in Bloomfield Hill.  Please feel free to contact me there for any of your short sale questions or needs.  My new contact information is below. Mike Sher                                                                      Office: (248) 644-4700x242   Fax :(248) 499-10204120 Telegraph Rd, Bloomfield Hills, MI 48302E-mail:             Blog/Profile:  Web:                    Linkedin:  CDPE:   The Mike Realtor Team Blog - Metro Detroit/Oakland County Servicing in Southeast Oakland Coun...
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