Dexter Real Estate Market Update – February 2014

Dexter Needs More Real Estate Listings

Dexter Real Estate Market Statistics for February 2014
Dexter Real Estate listings are down 13% when compared with February of last year. Sales contract written by buyers are down 15% compared with last year.  The lack of listings is resulting in fewer contracts being written, which is going to soon be reflected in the number of sales. Instead of increasing, which has been the ongoing trend, sales going to start decreasing, not because of a lack of buyers, but because of a lack of homes to purchase. As a whole, Dexter is in a seller’s market with a 4.6 month supply of homes listed.

Get a head start on the spring market and consider listing your home now! Interest rates are creeping up and buyers want to purchase now, but there is a lack of inventory. To learn more about what homes are selling for in your neighborhood and the value of your residence, contact the specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. We track every aspect of real estate and know the market better than anyone!

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