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Plymouth MI real estate

Here is a quick Plymouth real estate update.  You can get get the information from the table below where it breaks down the information by price points.  Currently there are 103 Plymouth homes for sale that have been on the market an average of 325 days.  The lowest price of a a piece of Plymouth real estate was $49,800. 

In the last 30 days 24 Plymouth homes have sold.  The average time on the market was 156 days

In November 23 Plymouth homes sold that had been on the market an average of 84 days.

In October 31 Plymouth homes sold that had been on the market an average of 60 days.

In September 30 Plymouth homes sold that had been on the market an average of 99 days.

In August 29 Plymouth MI homes sold that had been on the market an average of 67 days. 

So basically from August to November houses were selling fairly quickly.  Then in December either because of less homes on the market or a weak market the homes started slowing down.  So this table basically tells me that some of these Plymouth MI homes for sale are over priced for the condition they are in.  They have been on the market  too long.

Currently Plymouth & Plymouth Township MI has about a 4 month housing inventory.  As a general rule, 5 to 6 months of inventory is considered to be a normal or balanced market. Over 6 months of inventory and we have buyer's market. Less than 5 months and we have a seller's market. The smaller the available inventory, the tighter the market is. Keep in mind that these are simply guidelines and will differ from market to market.

Right now Plymouth MI homes are being snapped up if they are priced right.

 

Plymouth MI real estate Price Statistics Legend
  Price Range Number of Listings Days on Market
       
  10000 to 210000 49 173
  210001 to 410000 39 491
  410001 to 610000 7 382
  610001 to 810000 2 205
  810001 to 1010000 2 1246
  1010001 to 1210000 0 0
  1210001 to 1410000 0 0
  1410001 to 1610000 1 980
  1610001 to 1810000 2 43
  1810001 to 2010000 0 0
  2010001 to 2210000 0 0
  2210001 to 2410000 0 0
  2410001 to 2500000 1 1336

For the 103 listings:  
Average List Price $325,907.00    
Median List Price $225,000.00    
Highest List Price $2,500,000.00    
Lowest List Price $49,800.00    
List Volume $33,568,460.00    
Avg. Days On Market 345    

If you have any questions about this Plymouth Real estate update feel free to give me a call or email me.

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Posted on Jan 03, 2011 @ 11:14 pm by russ.ravary - View Profile
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