Novi, MI Housing Information

I haven't written anything for a while so I thought my first post back would be about housing and life in Novi, MI.

Novi's median sale price for for the 1st quarter of 2009 was around $182,500 which is down about 5.5% from the previous year. The number of homes hitting the market in Novi, has also declined. This tells us that the market is turning, and with less inventory, it's only a matter of time before values start to increase.

Novi is a popular place for prospective homeowners that are either moving from another city in Michigan or out of state. Novi has many different housing options available at a wide variety of pricing. If you prefer to live in a condo, small home, or luxury estate sized home, Novi has it all. The area has also seen it's share of foreclosures. The positive light on these sales are that they are typically priced well and home buyers are grabbing them up quickly.

Shopping, dining and night life make Novi a popluar destination for all different age groups. Many well known restuarants and department stores call Novi home. The Twelve Oaks Mall was built in the 1970's and recently went through a major addition bringing in many new stores.

If you are thinking about selling your Novi home, or calling Novi home, I can provide you with information.

Rob Chubb
Real Estate One - Novi
248-390-0850
rob@realestateone.com