Birmingham Market Overview ~ August 2022
Check out what homes sold recently in the local Birmingham, Michigan real estate market in this local overview of August 2022 residential home/condo sales.
As the weather cools, we are also experiencing a temperature variance in the real estate market. The U.S. housing market has continued to cool, as rising mortgage rates and record-high sales prices have stifled affordability, weakening demand and pricing out a multitude of buyers. Nationally, median household income has failed to keep pace with increasing mortgagepayments, with the costs of buying a home about 80% more expensive now than they were just three summers ago, according to the National Association of REALTORS® (NAR). As more and more prospective buyers find their home purchase plans delayed, many are turning to the rental market, where competition has intensified due to increased demand.
For more information on listing your home (or buying), rely on Amy and Tiffany to navigate your real estate sales and purchases from “luxury estates to leases”! We have the experience to assist you at any price point. Be assured you are making the best choices when buying and selling with us. Give Amy Zimmer & Tiffany Glime at The Agency Hall & Hunter a call to start your home buying or selling today and move with confidence!
📱 Amy 248.469.6430
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