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Derek Oglesby, CFA, MBA  |  313-300-3115  |  derek@derekoglesby.com  |  derekoglesby.com

OCTOBER 2018


Current Mortgage Rates:

10/2/2018
(30yr Fixed, Mortgage News Daily)
4.80
 0.15%
1 Month Change

Days on market higher through fall for Oakland Co.

The median number of days on the market for Oakland County homes climbed to 18 days, slightly higher than just one year ago at 17 days. Source: Realcomp II Ltd.
Days on Market, Local Areas 
Median Days on Market for selected areas around Metro Detroit from October 2017 to September 2018. Source: Realcomp II Ltd.
Median Sales Price, Local Areas
Median Sales Price for selected areas around Metro Detroit from October 2017 to September 2018. Source: Realcomp II Ltd.
Price per Square Feet, Local Areas
Median Listing Price per Square Feet for selected areas around Metro Detroit from October 2017 to September 2018. Source: Realcomp II Ltd.
Featured Properties
4250 Saint Andrews St.,Howell, MI  48843
$519,900
4Bed/3.5Baths; 3,269 SF
Enjoy Resort-Style living with lake privileges in this Amazing, newly upgraded property in the exclusive Oak Pointe Community!
This exquisite home features numerous amenities and a keen attention to detail. 
1012 N ELIZABETH St., Dearborn, MI  48128
$169,900
3Bed/1Bath; 1,336 SF
This is truly Dearborn’s finest! The stunning, turn-key 3-bedroom bungalow in the highly sought-after Dearborn Golf Park sub is immaculately maintained.
Boasts custom woodwork, multiple entertaining rooms, hardwood floors throughout, regal library, large gourmet kitchen...
Recent Housing News
Metro Detroit home prices more stable, but inventory dearth remains
Home prices continue to rise in metro Detroit, but real estate agents aren't seeing as many of the steep, less stable increases that had made some wary in previous months...


The housing market is 'in an absolute perfect storm for demand,' real estate CEO says
Millennials seem to want homes just as much as older generations — and that spells a boon for housing demand, Century 21 CEO and president Nick Bailey told CNBC...



87% of Detroit home buyers now pay in cash
A combination of lower home values, affluent buyers, more investors and individuals who want to skip the appraisals process means that all-cash transactions in Detroit are spiking through the roof...


Millennials driving the metro Detroit housing market

Millennials are driving new trends in the metro Detroit housing market...


 

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Thinking About Selling Your Home?
"As your local real estate expert, I am more than familiar with the current market conditions, home sales and real estate opportunities. If you, or someone you know, is considering buying, selling or relocating, I'm ready to help! You deserve a neighborhood Realtor who will always have your best interest in mind."
 
Derek Oglesby, CFA, MBA  |  313-300-3115 call/text  |  www.derekoglesby.com
Real Living Metro Real Estate, 1362 West Huron Rd., Waterford, MI 48328

 

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Real Living Metro Real Estate · 3050 Union Lake Road · Suite 8A · Commerce Township, MI 48382 · USA

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