The Lenawee County Real Estate market is performing very well as we move into the prime buying and selling season.
Although interest rates have slightly increased, there are more and more buyers out there competing for a small number of homes in the Lenawee County realty market.
If you are in the process of looking for a new home to purchase, know that the competition is stiff. Be prepared to bring your best offer to the table and include an updated pre-approval letter. Consider introducing yourself to the seller by writing a personal letter – a genuine note might be the thing that separates you from the crowd and helps your offer stand out from the rest.
As of late, we have been seeing some pretty bold tactics to gain advantage over the competition – a phenomenon that is changing the real estate game. That said, some buyers simply do not want to deal with escalation clauses or appraisal guarantees. So, be sure that you are comfortable with this reality before you enter into this frenzied and sometimes frustrating real estate world of trying to buy a home.
$14,650,000 across 80 units was the collective volume for homes sold in Lenawee County in March.
Three-bedroom homes were in the highest demand in March with 41 sold. This equates to 12 more sold than the previous month.
Five-bedroom home sales were up 60% from February, with an average increase of about $100K.
Homes were on the market for an average of 40 days, down from 58 in February.
If you are selling, we recommend that you have a plan in place to help control the process due to the robust activity that will come the moment your home is listed.
The Wagley Group is well-positioned to help you navigate the home buying or selling journey. Our expertise and strong negotiating skills will help to make the moving transition smooth and as stress-free as possible.
Call us today for a free consultation at 517-265-6000 or toll free at 800-399-7711.