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November 2007

Found 1 blog entry for November 2007.

I was on a listing presentation in Northville, Michigan and the sellers said something I am hearing a lot when I am out listing a home.  The sellers said "we were thinking about not selling our Northville home now, and just waiting for the market to get better in a couple years." 

First of all there is every indication that it will be 5-7 years before we see any kind of upward trending market.  How would I know that you ask?  Great Question!  Experts in the industry watch the numbers.  We are in a supply and demand industry and when there is much more supply, than there is demand, unfortunately prices adjust down. 

With that being said, in literally every city, township, and village in Michigan the amount of homes coming on the market each month is

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