Faye Rowland Blog

Real Estate Update | January 2021

Posted by Matthew Hillier on January 20, 2021 in  uncategorized
To begin this real estate update, we will focus on southeastern Michigan, specifically the counties of Livingston, Macomb, Oakland, St. Clair, Washtenaw, and Wayne. In this region, home prices continue to rise as the year-over-year median sales price increased the most in Wayne County by 14.1% to $154,000. The next highest year-over-year median sales price increase is followed by Macomb County, which saw prices go up by 10.8% to $203,000. Year-over-year closed sales have increased in three out of the six counties, ... read more

Real Estate Update | December 2020

Posted by Matthew Hillier on December 29, 2020 in  uncategorized
To begin this real estate update, we will focus on southeastern Michigan, specifically the counties of Livingston, Macomb, Oakland, St. Clair, Washtenaw, and Wayne. In this region, home prices continue to rise as the year-to-date median sales price increased the most in Wayne County by 14.6% to $154,750. The next highest year-to-date median sales price increase is followed by Macomb County, which saw prices go up by 9.8% to $202,000. Year-to-date closed sales have increased in two counties, which include Livingston... read more

Real Estate Update | September 2020

Posted by Matthew Hillier on September 23, 2020 in  uncategorized
To begin this real estate update, we will focus on Michigan's southeastern region, specifically the counties of Livingston, Macomb, Oakland, St. Clair, Washtenaw, and Wayne. In this area, home prices continue to rise as the year-to-date median sales price increased the most in Wayne County for the second month in a row, by 10.2% to $145,500. The next highest year-to-date median sales price increase was followed by St. Clair County, which saw prices up by 7.7% to $194,000. Year-to-date new listings across the board ... read more

Real Estate Update | August 2020

Posted by Matthew Hillier on August 18, 2020 in  uncategorized
To begin this real estate update, we will focus on Michigan's southeastern region, specifically the counties of Livingston, Macomb, Oakland, St. Clair, Washtenaw, and Wayne. There, home prices continue to rise as the year-to-date median sales price increased the most in Wayne County (up 10.2% to $145,500), followed by Macomb County (up 7.7% to $194,000). One reason for rising home prices is a lack of inventory, especially among starter homes that range between $150,000 - $200,000. Year-to-date new listings across t... read more

Real Estate Update | April 2020

Posted by Matthew Hillier on April 16, 2020 in  uncategorized
Though spring real estate markets across the country are not acting in a typical manner, our real estate professionals at CBWM Family of Companies have been safely doing their part to keep the industry going. Home prices in our area are not expected to drop because of the on-going housing shortage as well as to homes being withdrawn from the market during these times. That said, listings held back from the market today will be pushed into the summer months, resulting in more competition as pent-up demand gradually ... read more