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

FEBRUARY 2019


Current Mortgage Rates:

2/5/2019
(30yr Fixed, Mortgage News Daily)
4.54%
 0.07%
1 Month Change
 0.09%
1 Year Change

Days on market higher through winter for Oakland Co.

The median number of days on the market for Oakland County homes climbed to 40 days, higher than just one year ago at 32 days. Source: Realcomp II Ltd.
Days on Market, Local Areas 
Median Days on Market for selected areas around Metro Detroit from February 2018 to January 2019. Source: Realcomp II Ltd.
Median Sales Price, Local Areas
Median Sales Price for selected areas around Metro Detroit from February 2018 to January 2019. Source: Realcomp II Ltd.
Price per Square Feet, Local Areas
Median Listing Price per Square Feet for selected areas around Metro Detroit from February 2018 to January 2019. Source: Realcomp II Ltd.
Monthly Highlights
TEAMWORK. A look inside the relationship of top agent Derek Oglesby and Real Living Metro Real Estate.
Featured Properties
932 Emwill St., Ferndale, MI 48220
$239,900
1,319 sf
3 bed/1.5 bath
Remodeled Bungalow
Updated Gourmet Kitchen
Updated homes like these in Ferndale only come around once in a Blue-Moon! This meticulously detailed, 3-bed bungalow is the perfect turn-key home for the buyer that wants it all!
Recent Housing News
2018 Area Home Sales Down, Median Sales Price Up
Home sales in Livingston, Macomb, Oakland, and Wayne counties dropped 4.7 percent in 2018 compared to 2017...


Find Out How to Get a $15K Forgivable Loan in Michigan 
Additional money is coming to help people purchase homes in areas of Michigan hit hard by the mortgage crisis. The Step Forward Down Payment Assistance program launched in October with $20 million...



How 3 Metro Detroit communities are turning commercial districts into new downtowns
When one thinks of downtowns in Metro Detroit, the cities of Ferndale, Royal Oak, or Birmingham may immediately come to mind...


The state of housing demand is suddenly strong again – but it could be temporary

After ending 2018 in a serious slump, demand for housing is suddenly soaring again, thanks to a drop in mortgage rates that could be temporary....


 

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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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