Shelby Township, MI Market Update 9-21-08

Below is the Real Estate market update for Shelby Township as of Today.

492 - Homes are currently for sale

180 - Condos are currently for sale

of those 91% are private owners and 9% are bank owned

111 - Homes and Condos are currently pending a closing

78 - Home and Condos were sold over the past 30 days

It should also be noted that of the 672 homes and condos for sale 35 are short sales.

As real estate agents we use this data to help you determine how long it will take for your home to sell. It is referred to as absorption rate Currently in Shelby Township the rate is 10 months.

However, to speed up the process our sellers are given bi weekly updates and are e-mailed a daily status report, that details not only the homes hitting the market but also the homes that have sold. These 2 items help keep you abreast of your competition, so your home is Sold Faster.

For more information on homes for sale in Shelby Township you can visit us on-line at http://EdandCindyKnight.ListingBook.com or contact us at blog@edandcindyknight.com

Information taken MiRealsource, Inc and is deemed reliable but not guaranteed