Bloomfield Village, MI

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 Broock

2009 Results, 56 homes sold, 22 short sales and 365 days work hard work. Contact me at (248) 644-4700 or team@mikerealtor.com

Links below for a more readable copy of stats below:

Download Oakland County stats for January 2010.
Download Macomb County stats for January 2010.

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) 499-1020
4120 Telegraph Rd, Bloomfield Hills, MI 48302
E-mail: mike@mikerealtor.com

Blog/Profile: http://activerain.com/mikerealtor Web: www.mikerealtor.com

Linkedin: http://www.linkedin.com/in/mikesher CDPE: http://hosted.cdpe.com/MikeRealtor/

The Mike Realtor Team Blog - Metro Detroit/Oakland County

Servicing in Southeast Oakland County, Auburn Hills, Birmingham, Bloomfield, Berkley, Beverly Hills, Canton, Clawson, Farmington Hills, Ferndale, Huntington Woods, Northville, Novi, Pleasant Ridge, Plymouth, Royal Oak, Rochester Hills, West Bloomfield, Troy, etc. We worked with: Bank of America, Country Wide, HSBC, EverHome, Litton, GMAC, Chase, Wells Fargo, Flagstar, Fifth Third, Charter One, Comerica, Am Trust, US Bank, National City

But, We Can Help!

This is a competitive real estate market. If you have to sell and can not, perhaps it is time to look at a Short Sale. The Mike Realtor Team has performed dozens of Short Sales for professionals who have lost their job, income has declined, medical problems, relocation, retirement, divorce, loss of spouse, unable to make ends meet, or other reasons not listed.