Dexter Real Estate Market Update – Fourth Quarter 2016

Dexter Ends Year with Increased Sales

Dexter Real Estate Stats for the Fourth Quarter 2016

The number of sold Dexter homes increased 3% from 269 in 2015 to 277 in 2016. There was also a 6% increase in the average sale price, going from $334,082 in 2015 to $354,283. However, as we have seen with all of Washtenaw County, the number of homes listed in 2016 decreased significantly, dropping by 18% or 81 homes. As a whole, Dexter Real Estate is in a seller’s market with a 3.5 month supply of homes listed for sale. If this trend continues into the new year, buyers will have a harder and harder time finding and securing a new home, as the buyer pool remains strong and the listing inventory dwindles.

With such low inventory, now is the perfect time to get your home ready to sell! Get ahead of the spring market and contact us for a comparative market analysis and find out what your home is worth today! Call us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com. Thinking of buying? Start your Dexter Real Estate Search here!

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