Detroit Real Estate

 Here is a breakdown of Novi homes for sale.  A couple of years ago you would have never found a home in Novi under $125,000.  Now we have 8 Novi homes for sale listed under $100,000.  The average time on the market for Novi homes is 158 days. 

 I always say the longer the house is on the market the more likely the house is over priced.  All homes will sell if priced right.  The home will sell when it becomes a value.  I would say those homes in the $700 - $750,000 range are over priced for what they are. 

More Novi real estate information

     City of Novi data

     Novi Subdivisions

     Search Novi homes for sale

Thinking of just renting a home in Canton Township, here are the latest list of Canton Township Homes for lease as 3/13/2010.  There are no Canton Township rental homes listed under a thousand dollars.  There are a few deals on the list.  How about a 3100 square foot house for only $1950 a month!  Many of the homes that are nice and reasonably priced are not on the market more than a couple of weeks, so don't wait on putting in an offer if the home is a good deal.  The dogs or overpriced ones of course sit forever. 

Canton Township Michigan is a great town to live in.  Ford Road is the main shopping area that is convenient where ever you live in Canton Township.  Then the easy access to I-275 expressway makes traveling around Detroit easy.  Feel free to email me to have the latest Canton Township homes for lease (Canton Township rental homes) sent to you weekly or call me with any questions about the homes below.  My cell is 313-310-9855 or email is yesmyrealtor@gmail.com 

__________________________________________________________

 Oakland County real estate

 Here is January's Median sale prices and the number of sales.  Now there is an interesting statistic.... the median sales price was up.  That is a good sign for the metro Detroit real estate market.

Here is more information about

What will happen after the first time home buyer tax credit expires?  I don't think anybody knows.  I myself think it has been one of the Democrats best success stories.  I think if you ask any real estate professional you will hear that the tax credit did bring a large number of buyers into the market.  The tax credit created demand.  And I believe the demand in the Metro Detroit housing market was enough to temporarily stabilize the home values.

Before the first time home buyer tax credit we were on a major slide of home prices.  The tax credit brought investors and first time home buyers into the market.  In the last year it was not unusual to see multiple bids and homes going over list price.  All due to first time home buyers and the tax credit.  Sure the higher priced homes were not affected but the homes under $250,000 range was.

Investors also jumped into the market.  They could buy and then fix up homes to flip to first time home buyers.  That also helped the market.

As for what will happen I honestly don't know.  I do think demand is already dropping off.  We are exhausting the first time home buyer pool.  Now we are getting bad credit people applying.  There are less qualified buyers out there right now.  So hopefully home values won't drop after the first time home buyers leave the market because the credit expired. 

Search Metro Detroit homes for sale  

 If you are thinking about buying Commerce Township real estate you might want to know about Commerce Township Demographics.  Here are the demographics from the last census 

Search Commerce Township homes for sale