Washtenaw County Housing Report November 2018

Local real estate markets, which have enjoyed a strong run since 2011, are showing signs of maturing. Although average price is up, values have been leveling off—especially in the upper price ranges. Compared to last year’s record numbers, closed volume is almost even for single family homes and down 4% for condos.

Rising interest rates have been hindering the markets. With forecasts of continued rate increases, both buyers and sellers who are planning a move would be wise to act sooner rather than waiting.