Birmingham Market Overview ~ March 2022
Check out what homes sold recently in the local Birmingham, Michigan real estate market in this local overview of March 2022 residential home/condo sales. Excitement for spring is in the air and the U.S. real estate market remains hot ahead of the spring selling season, with existing home sales up 6.7% as of last measure, according to the National Association of REALTORS ®. Experts attribute the growth in sales to an uptick in mortgage interest rates, as buyers rushed to lock down their home purchases before rates move higher. According to Lawrence Yun, Chief Economist at the National Association of REALTORS ® , much of the current housing supply is concentrated at the upper end of the market, where inventory is increasing, while homes priced at the lower end of the market are quickly disappearing, leaving many first-time buyers behind. The shortage of homes is boosting demand even further, and with bidding wars common in many markets, it’s no surprise sales prices continue to soar.
For more information on listing your home (or buying in the current market), 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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