What Is The Outlook For Real Estate In Michigan In 2024?
Here’s your Q3 2024 real estate market update. So obviously, during the months of July to September, it was still a seller market, not as aggressive as you were seeing once again a few years ago, but nonetheless, still a seller market for the right home based on price, location, and condition.
Even though interest rates dropped a little bit, that did not bring an abundance of home buyers. In fact, during this time, the market usually kinda changes a little bit because people who were looking to buy a home, some of them stopped looking until next year because their kids are back in school and they’re no longer looking to switch them to a new school district.
And so pretty much for the rest of the year, you can expect the same unless something happens significantly to impact the rest of the market. But I expect it to still be a seller’s market, just not as strong.
So if you have any questions, please reach out to us. Please share with anyone you think it’d be helpful to. And as always, close with Patrice.
This has been “What Is The Outlook For Real Estate In Michigan In 2024?” by Patrice Henderson of Designed Living Real Estate. Be sure to subscribe to her YouTube channels for all your real estate tips, home tours and advice.
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