April 2019 | Market Reports

April showers bring May flowers, right? With the amount of rain we saw, May should have bunches and bunches of flowers.

April also saw a fair number of listings come to the market. Buyers saw an increase of housing options, from March to April, in Canton, Chelsea, Farmington/Hills, Livonia, Plymouth, and Saline. The number of sales from March to April also jumped in Ann Arbor, Farmington/Hills, Livonia, Northville, Novi, Plymouth and Saline. Only Northville saw an increase in the average Days on Market from March to April.

Studio Four8 serves clients in SE Michigan’s 48 zip codes. Are we missing a community here for which you would like housing stats? Let us know!

March 2019 | Market Reports

As the April weather shows some of the spring warmth, and potential for those April showers, the March 2019 housing stats are showing promising signs, as well.

In nearly all communities highlighted here, listing numbers are up, month over month, with the exception of homes in the Ypsilanti Township-Lincoln area. March sales numbers are generally higher, with Chelsea, Dexter, Lincoln, Northville, and Plymouth all showing lower to flat sales numbers. Average days on market are down in every community, with the exception of Farmington/Farmington Hills, up 4 days compared to April 2019.

Here are the first quarter of 2019 housing stats.

Want to know how these numbers impact your buying or selling decision in today’s market? Reach out to the partners at Studio Four8 (hello@studiofour8.com). We are honored to assist you plan the next chapter in your life!

First Quarter 2019 | Market Reports

The first quarter of the 2019 real estate market is behind us. Like the flowers are beginning to push their way through the previously snow and ice covered landscape, the housing market is heating up.

Below, you will find quarterly update images from some of the communities that Studio Four8 has had the honor of working within. Working from the Ann Arbor Area Board of Realtors statistics, the first quarter of 2019 saw a 16% increase in the number of residential (houses and condos) listings come to the market, compared to the first quarter of 2018. In that same time comparison, residential sales were up 1.2%. Residential sales prices were relatively flat for the same time period, increasing by .8% in the first quarter of 2019.

Below the images is a data table with the hard numbers for each month of the first quarter. For monthly stats images and summary, please see our post about the March 2019 real estate statistics.