More Inventory in April for Dexter
Both the amount of listings entered and sales in April increased this year in Dexter compared to last, and prices saw a minimal decline of less than 0.5%. The number of listings that were entered in April increased a solid 15%, from 34 to 39; and the average listing price was $432,954. With a boost in available inventory, the average days on the market were prolonged to 51 days; in the year prior the average DOM was 31% less at 39 days. Last month, sales also saw a considerable increase from 25 sold homes the year prior to 32 sold homes, which means a 28% increase. The amount of new listing entered year-to-date decreased 7%, 115 versus 107. However, listing prices have rose from $412,317 to $433,210 this year. There was a significant increase of 30% for the number of properties sold thus far compared to April 2017, 79 sold homes versus 61 sold homes. Although only a slight increase, the average selling price for homes sold year-to-date rose as well, from $372,861 to $379,587 which is an increase of 2%. Overall, it is a seller’s market for Dexter, particularity below the 500k price range. Homes that are above 500k are classified as a buyer’s market, especially for higher end homes that are priced and sold above 800k.
In comparison to the last quarterly report for Dexter, the current month supply is gradually declining, which could mean that there will continue to be a seller’s market. Whether you are looking to buy or sell your home, contact the real estate specialists with The Bouma Group at (734)761-3060 or email email@example.com. Check back here to stay updated on the Dexter market!
Spring Dexter Real Estate Market Heats Up!
The spring real estate market is in full force and we are seeing increases in inventory, homes under contract with buyers, and sales. The rise in inventory has pushed Dexter into a slight buyer’s market with a 7.5 months supply of homes listed for sale. Homes are still going under contract at a swift pace and a steady increase continues to show a recovering market.
For more information on the Dexter Real Estate market and to find out what is happening in your particular subdivision, contact us at 734-761-3060 or firstname.lastname@example.org. Here at The Bouma Group, we keep a close eye all real estate trends and provide you with a monthly update and statistics report. Be sure to check back here at our blog for new updates. Want to know what your home is worth? Visit www.annarbormarkettrends.com for an instant valuation for your home now!
Dexter Real Estate Listings Increase 59% This Year
When comparing the number of listings at the beginning of March with that of the beginning of January, inventory has increased by 59%. The number of contracts pending has increased by 121%, which is a strong indication of high buyer demand in the Dexter area. Closed listings for the past 12 months has remained steady, but this number will increase as the contracts pending begin to close.
What does this mean for you? If you’re a Dexter homeowner that has been considering selling, now is the time! The spring market is here and with interest rates still at historic lows, buyers have more purchase power than ever. To find out what your home is worth in today’s market, get a free home valuation here, it may be worth more than you think! For more information on these statistics and the Dexter Real Estate market, contact the specialists at The Bouma Group today at 734-761-3060 or email@example.com.
It’s a Mixed Market for Dexter Real Estate
The Dexter Real Estate market, as a whole, is right in between a seller’s and balanced market with a 5 month supply of homes available for sale. The under $400k price range is gaining momentum and has a low supply of homes with a good number under contract, however over $400,000 the market changes and there is nothing under contract currently.
Here at The Bouma Group, we keep a close eye all real estate trends and provide you with a monthly update and statistics report. Be sure to check back here at our blog for new updates. Want to know what is happening in your particular neighborhood? We track that too! Check out our subdivision pages or give us a call at 734-761-3060 or email firstname.lastname@example.org for a market analysis of your home – it may be worth more than you think!
Dexter Home Sales Increase
As homes sold during the early summer market closed in July, not as many homes came to the market for sale. This decreased inventory, combined with higher sales brought the months supply of homes available down to 9.5. There are still many great deals to be had in Dexter, so contact us at The Bouma Group to find out more about what is selling and in which neighborhood. Check out our Dexter Real Estate website, find out the value of your home, or learn more about Dexter subdivisions!