We had Mark Shaftner back on the show and he talked about how competitive the housing market is in the metro Detroit area, especially houses in the $200,000 to $400,000 price range, and much more as it relates to real estate data and insights. Watch now!
Mark Shaftner of Keller Williams always brings some great real estate data and insights to the discussion. Looking forward to another great conversation this week. Join us live.
Posted by Inside Real Estate on Wednesday, September 2, 2020
“You know, your first-time homebuyers; your 2 to like 500, and your first move up buyer; extremely competitive. Especially the 2 to like $350, $400,000 price range. At least in the areas where I do the majority of my business, which is up and down Woodward Corridor, Ferndale, Royal Oak, Birmingham, Clawson, Huntington woods, Bloomfield Hills. I dabble up into Troy and Rochester as well because I used to live there. So I know that market pretty well. The first-time homebuyers extremely competitive we’re seeing 5, 6, 7, 10 multiple offers on homes and it’s very difficult. As you get above, you know, $500,000 to a million. We’re not seeing as much in multiple offer arena. It’s not quite as competitive and then over a million, that million to 1.5, is still very busy. Homes are still selling at that price point. And they’re selling quickly, especially if they’re presented in price well, but it’s not quite as competitive.” – Mark Shaftner, Keller Williams