When considering if it is a good time to invest in any given real estate market, one of the very best statistics to consider is the amount of homes for sale in that market relative to the number of homes sold per month. The analysts call this the number, "Months of Inventory". Our market, Southwest Michigan's Harbor Country, hit bottom when the Months of Inventory peaked in the early part of 2009 with approximately 27 months of inventory. Historically, in our seasonal market, around 12-18 months of inventory signals a healthy market. A seller's market occurs when less than 12 months of inventory is available.
The latest figures show that the market has improved dramatically as prices have over corrected and buyers have been snatching up vacation homes at bargain prices. Inventory of homes for sale in Southwest Michigan have dropped significantly, and in Harbor Country, the new figure for Months of Inventory is equal to numbers we havent seen since 2006-07.
I uploaded a chart at http://www.thedailylistings.com/southwest-michigan-real-estate-statistics-and-market-data/
Author:Paul Zubrys Phone: 269-783-5253 Dated: August 5th 2011 Views: 2,098 About Paul: I began my real estate career in 1987. Harbor Country Real Estate, Lake Michigan Lakefront Property,...
Do you know where the best beaches are located, and why? Don't worry, we do. Do you know which neighborhoods have deeded private beach rights? Which beaches have the lowest bluffs and easy beach access? Which lakefront homes are located within areas designated as High Risk Erosion? We know, because 255, 255); background-color: rgb(165, 165, 165);">Lake Michigan Lakefront Property and beach access real estate in Southwest Michigan is all we do.
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Paul Zubrys, Principal Broker / REALTOR
Southwest Michigan & Northwest Indiana Real Estate since 1987.
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"Paul represented us to purchase a home in Union Pier. We found him through his excellent web site. In my opinion, there is no better web site for buyers, looking in the Harbor Country area. His information is comprehensive, accurate and focused on buyers. Paul did an excellent job of listening to us and what we wanted before he met with us for our first and only tour of homes this was important to us because we didn’t want to spend a lot of time looking at homes. We saw 9 homes on a Saturday afternoon. 7 of the 9 homes were right in our price range and met all of the criteria that we had communicated to Paul. The other 2 homes were nice to see as a comparison. In the end, we loved 3 of the homes that Paul showed us and made an offer on our favorite. Within 10 days of meeting Paul for the first time, we signed a contract for our new home in Union Pier. Throughout the next 3 weeks, before closing, Paul was outstanding. He served as our representative at all stages of the pre-closing process. And, he called us periodically to remind us of important issues that we may have overlooked like bringing a certified check to closing. Paul’s knowledge of the Harbor Country area and his complete commitment to his clients make him an oustanding buyer’s representative. We highly recommend him. We’ve been in our Union Pier house now for almost 7 months and we have loved every weekend there, we’re Chicago residents. I’ve bought and sold several homes in the past 10 years and, this is the first time that I’ve liked a broker enough to take the time to write a testimonial."