Home Sales UP in February

by Maureen Francis on March 12, 2008

in Birmingham MI Real Estate, Bloomfield Hills MI Real Estate, Market Updates

Don’t take my word for it, take the Free Press’s.

Sales of homes and condos in metro Detroit rose 12.8% in February compared with a year ago, according to figures released Tuesday by Realcomp.

There were 3,591 home and condo sales in the metro area in February compared with 3,184 in the same month in 2007. Realcomp figures are tallied from listing agents’ reports of closed sales.

Price is helping to move these homes, but the shift in the market is palpable.  Dmitry and I talk to each other more on the cell phone right now than we see each other.  For the last two weeks we’ve had numerous clients writing offers and sellers receiving mulitiple offers.  You read that right.

I’ll be back to comment later.  I’ve got an packed day with clients from Florida ahead of me.

Written by Maureen Francis
SKBK Sotheby's International Realty, 248.430.4450
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