ADRIAN, MI 49221
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Market Memo – August 2020

Wednesday, September 2, 2020

The Wagley Group is committed to providing our clients with the most current market information, analysis, and insights. The Lenawee County Real Estate Market remains strong and vibrant!

 In the month of August, we saw an increase in the average listing price AND average selling price! We anticipate seeing that continue at a steady pace. It is still a seller’s market. With homes that are priced right, we are seeing multiple offers and escalation clauses. We are continuing to see those numbers increase as the demand for inventory is still large. The only difficulty we are witnessing is the drastic shortage of available inventory for interested buyers to purchase. Interest rates continue to remain low and this is driving a lot of the re-finance and new purchase activity.

If you are considering listing your home this month, make sure your home is staged properly and that the visual presentation to the public inside and out is well done. List your property with us so you can take advantage of the current market activity and potentially higher offering prices for your property!

If you are curious about buying now, we suggest that you research and compare, be prepared with a strong offer, and to be flexible. All of this can be made less stressful when you have the right Real Estate Agent to assist you! The Wagley Group is here to answer your questions and make the process of buying or selling property easy! Contact us today!