Dexter Real Estate Market Update For January 2010 shows 12 Months of Homes

Dexter, Michigan Real Estate Results Shows 12 Months of Homes Available for Sale

Dexter residential supply is now about 12 months. It would take about one year for all the homes to sell if no other homes came on the market. Anything over 7 months supply is a buyers market. For the Dexter Luxury Market, check out this post.

The Supply and Demand (#Units FS, S0ld) chart shows January 2009 compared to January 2010, the number of homes listed for sale are up 7 percent and the number of units sold are down 40 percent. The annual trend lines show the number of homes offered for sale increased and number of Dexter sales remained pretty flat.

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Below, Median Price (FS, Sold) January 09′ vs. January 10′, the Dexter sellers asking list prices were up 12 percent and median sold prices increased by 6 percent. The annual trend lines indicates flat asking prices and slight downward motion in Dexter median sales prices.

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The trend line charted by Affinity Valuations, Inc indicates slightly decling average sale price per square feet but is remaining above $100.oo per squar foot for Dexter Real Estate through the last 12 months.

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We are selling homes and are happy to provide you with data to make informed choices. So far 182 homes have sold in the last 12 months, from 2 bedrooms to 6, and from 1 baths to 5 and the average sold price per square foot is now $106.50 down from $107.37. The highest sold price was $1,400,000 with lowest at $2,100. The average list price to sales price was 94 percent.

Currently there are 184 Dexter homes for sale ranging in price from $44,900 to $1,500,000 . See what others say about our Dexter Real Estate services.

Since we actually sell more homes in Dexter than any other agent, we are acutely aware of homes that have languished on the market and like the US have watched the number of homes that have sold as foreclosures increase. Banks are hiring us to sell foreclosures. We know about these long before they come on the market. so if you want inisde info, call us. Check our Ann Arbor Area Real Estate ebook out.

See tour of Dexter by clicking on picture right below.