The first quarter of 2015 followed what we had expected for Southeast Michigan with improving numbers over last year in most categories. The jump in sales and new listings entering the market was due to a combination of a stronger buyer demand going into 2015 and a milder winter. Although this winter was no picnic, [...]
Both January and February moved as expected, jumping up in most categories compared to last year. Buyer demand going into 2015 is stronger than last year, however, the large jump in newly written contracts (Pending Sales) is a bit deceiving. A good portion of that jump is simply the difference between a more (relatively) normal [...]
The month of January in the Detroit metropolitan area followed the pattern we had expected with written contracts up 18% over January 2014. Much of the jump was weather-related. Last January written contracts were off 18%, so the better weather this winter (relatively speaking) brought sales back to a normal level. Compared to January [...]
