Dexter, Michigan Real Estate Market Graphed and Charted
Dexter, MI Library
The Dexter real estate market is a sub set of the Ann Arbor Area Board of Realtors® in Washtenaw County. Below are some graphs on what has been happening in the last 12 months comparing trend lines and June 08 to June 09 data. Yesterday all the homes sold year to date were posted.
Click here to see our post yesterday about the Dexter Real Estate Market and its sold listings.
The first chart shows the trend line is up over the last year. While over all supply is less, sold homes are commensurately lower this June compared to last June. Time on market is about 15 months. That means if no more homes come on the market it would take over a year for them to sell.
The next chart shows Dexter homes sold in June were down 41% AND for sale (listed) homes were down 11% so inventory is somewhat stable or slightly trending down.
The next chart shows median prices. Here we look at the prices of the Dexter homes for sale compared to sold homes. Again in thousands of dollars, there is a relatively flat trend line for listing prices over the last year and sold prices trend down slightly. Home sold prices from June 08 vs. June 09 were down 12 percent.
We continue to battle underwriters and appraisers to keep deals together even after we bring ready willing able buyers and sellers together. Now more than ever REALTOR® experience plays a major part in gluing deals through closing.
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