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Monday, 26 July 2021

The average sale price of a house in mid-Michigan up 12 percent since start of the pandemic

Credit: FOX 47 News Michigan
Duration: 04:28s 0 shares 2 views
The average sale price of a house in mid-Michigan up 12 percent since start of the pandemic
The average sale price of a house in mid-Michigan up 12 percent since start of the pandemic

Average sale prices for Mid-Michigan homes were $21,840 higher in the first months of 2021 than they were at the start of the pandemic.

With prices, this inflated, does the bubble have to pop?

Most of us have been spendat home this past year, bulooking for a nicer placehave run into a problem.

Hup at the competition is pstory.

I am breaking downrisen in your neighborhoodsome dishes.

Sure, that wothat.

This could be one ofgambrel empties the dishwatown home.

Um, and we're mbedroom house that's on thfor it has been kind of buother houses that literallbusy is right.

Average salfirst month of 2021 than tof the pandemic, an increaThis, according to sales sby Berkshire Hathaway homerains realtors.

So it's gothe wild west of real estawould make James associateof regular cowboy hubler hin mid michigan since 1991at his listing board.

He ssmallest number of homes ton it.

It's mostly the lowmore buyers than sellers.out there that want to selin turn, where do they go?homes is due to a surplusto buy better houses durinorders and a rise in the chappening is that like, fothan it was a couple yearshouse just because of theSo what's happening are anot, you know, building hobuilders can't get the mata lot of pressure on the eprices in mid michigan arechallenges.

The towns wherspiked.

The most are Williaverage sale price rose bylunch at 28.5 and East Lanfeel like we're a piece fois for buyers right now?

Uwe are because I can't imaget more competitive thannow.

I mean to have a buyejust you're really scrambla suitable housing for theI think it's definitely goa little bit.

I think thatcomes online to satisfy paYou'll start to see thingsBut I don't think it's reagoing to burst like it didwhen will that cool down tif I had a crystal ball, Iwould hope that by this tia little bit back to morestill going to be a strongeverything that I'm seeinglistening to.

But I thinkonce things calm down a lithe market will calm downmeantime, buyers will justI'm not kidding.

You know,James and his partner.

Butescalation clause to scoremodern for the summer.

Botagree the number one piecelooking to buy, I would sahave rushed into this oneI think being able to waitup will be Better overall.You're gonna be heartbrokelose out on a house.

But oof doing this that I've seit does always work out ifpatient, you will find a hit is a fantastic time tothe market.

But remember m