July 2013 Real Estate Market

Posted by Steph Kaye on Wednesday, July 10th, 2013 at 2:24pm.

If you're in the market to sell your home this summer, take a look at the numbers from the July 2013 real estate market.

  • This month, annual projected home sale activity was at a pace of $5.2 million.
  • The median home price was calculated to be $208,000.
  • For the past 15 months, the market has seen an increase in home prices (7.8% rise from last month and 15.4% from last year).
  • The average fixed rate on a mortgage has risen also. It is now at a national average of 3.54%.
If you're looking for more information, check out this video! Bonus: get tips on what issues you should address before selling your home.

 


Lang Premier Properties is home to a leading Oakland County Short Sale Realtor. We specialize in all aspects of real estate including short sales, foreclosures and working with home buyers and sellers in the Troy, Birmingham, Rochester Hills and Bloomfield Hills luxury market. When you hire Lang Premier Properties, whether you are purchasing or selling Metro Detroit Real Estate, you can rest assured that you are in good hands.

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