March average sold price up in Dexter MI real estate market by www.KathyToth.com
- The Dexter Real Estate market has 202 homes for sale ranging in price from $1,595,000 to $49,000.
The sold data indicates (based on limited sample size of 9 ) that the average sold price increased from the previous month. The highest list price was $730,000 and sold price of $730,000 with corresponding highest days on market of 228 days. We sold 8530 Cedar Hills for $495,000. All Dexter homes sold in 2009 are reported below:
Dexter MI Real Estate Market Update / Sold Properties
The 2 year trend line below indicates sales prices are declining. There is downward pressure from the attractive prices of foreclosures and short sales. Based on the amount of inventory that is being put on the market which happens seasonally, there is still an abundance of competing homes. Once the gap between the supply and demand narrows, the market will be more stable.
Dexter MI Real Estate Trends and Median Prices
There is currently 14 months supply of homes in the Dexter real estate market as shown below. This means that if no more homes are put on the market it would take over one year for these homes to be sold. A market with more than 6 months supply is called a buyer’s market.
Dexter MI Real Estate Absorption Rates
To discuss market particulars about your subdivision or neighborhood, please contact the Dexter real estate experts 734-669-0337 or stop by our site www.HomesofDexter.com or visit us at 3134 Baker Rd in Dexter.
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May 20th, 2009 at 10:50 PM
[...] is information from Affinity Appraisal on the Dexter market which is valuable enough to share with you [...]