South East Michigan Housing Report

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  • Investor · SE, MI · Member since 2013 · 1k+ posts · 461 votes
    13y

    Thanks for the info! I found it very interesting, and the numbers confirmed what I've seen in my little niche. Please continue posting this sort of thing!

    Thanks,
    Kelly

  • Real Estate Investor · chicago, IL · Member since 2012 · 1k+ posts · 231 votes
    13y

    prices up 10% in a market they deemed as "doomed" due to the auto collapse.

    you will see a lot of double digit increases throughout the country. it's not rocket science...what comes down, must come up.

    These things happen all the time...ie, 9/11 destroyed the airline industry. People were afraid to fly. Now, flights are in very much demand & prices are way up.

  • Investor · Southeast, MI · Member since 2012 · 2k+ posts · 1k+ votes
    13y

    Our market is on fire. Thanks for posting those facts.

  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    13y

    please continue to post it or PM (sometimes i miss the threads).

    how can i set up the alerts for this? anyone know?

  • Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes
    13y

    Joshua Dorkin can this title be edited to just "South East Michigan Housing Report" and I'll just keep this thread updated?

  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    13y

    Done Joe Delia

  • Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes
    13y
    Originally posted by Joshua Dorkin:
    Done Joe Delia

    That was fast, much appreciated!!

  • Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes
    13y

    March 2013 South East Michigan Housing Report

    http://joe-delia.blogspot.com/2013/04/february-south-east-michigan-housing.html

    I linked a PDF on the statistical report and XLS file for the by zipcode breakdown.

    Enjoy.

  • Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes
    13y

    George P., Rob K, Jon Wilcox, Kelly N.

  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    13y

    thanks, joe..

  • Investor · SE, MI · Member since 2013 · 1k+ posts · 461 votes
    13y

    Thanks!

  • Flip and Buy/Hold Investor · Rochester Hills, MI · Member since 2013 · 245 posts · 105 votes
    13y

    Good info. Thanks, Joe.

  • Investor · Howell, MI · Member since 2011 · 202 posts · 52 votes
    13y

    Thanks for posting Joe Delia

  • Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes
    13y

    I'll be updating this w/in next 48 hours.

    Geof, thanks for lunch it was a pleasure.

  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    13y

    i have geof in my phone and we never had lunch. i feel left out. :)

  • Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes
    13y
    Originally posted by George P.:
    i have geof in my phone and we never had lunch. i feel left out. :)

    Next "cool kid" meeting we'll reach out!

  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    13y

    yessssssssssss!

  • Investor · Southeast, MI · Member since 2012 · 2k+ posts · 1k+ votes
    13y

    Not sure if everyone saw this story in the paper yesterday:

    http://www.detroitnews.com/article/20130514/BIZ/305140326/

    Looks like we are all getting rich (on paper).

  • Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes
    13y

    April 2013 South East Michigan Housing Report:

    http://joe-delia.blogspot.com/2013/05/april-2013-south-east-michigan-housing.htm

    Some interesting tid bits.

    The median sale price for All MLS sales increased to $97,165 – up by 35%

    Average Days On-Market decreased by 14 days, from 87 to 73

  • Real Estate Agent · Madison Heights, MI · Member since 2012 · 58 posts · 3 votes
    13y

    Wow! I love this data! Thanks for posting Joe!

  • Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes
    13y
    Originally posted by Daniel Hornsby:
    Wow! I love this data! Thanks for posting Joe!

    Our MLS compiles it which is fantastic. I just copy and paste it over.

  • Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes
    13y

    May 2013 South East Michigan Housing Report

    http://joe-delia.blogspot.com/2013/06/may-2013-south-east-michigan-housing.html

    Only 23% of the market is distressed sales.

    43% of sales are going all cash.

    Inventory is down an additional 19%

    DOM has dropped by 15 days.

    More info in the link!

    Let me know if anyone has any questions related to a particular area.

  • Investor · Southeast, MI · Member since 2012 · 2k+ posts · 1k+ votes
    13y

    Joe Delia

    Just curious if this info is coming from Realcomp or another source?

    Also, what areas or counties does this info cover? Is it all of metro Detroit? Just Macomb and Oakland?

  • Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes
    13y
    Originally posted by Rob K:
    Joe Delia

    Just curious if this info is coming from Realcomp or another source?

    Also, what areas or counties does this info cover? Is it all of metro Detroit? Just Macomb and Oakland?

    It's listed in the report itself for which counties it covers, it's essentially all of SE MI not going as west as AA.

    It's directly from Real Comp, I'm personally not a paragon fan.

  • Flip and Buy/Hold Investor · Rochester Hills, MI · Member since 2013 · 245 posts · 105 votes
    13y

    Thanks, Joe!

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