The graph of home prices in Oakland County, Michigan was taken from the website of the Federal Reserve in St. Louis who handles much of the analysis of the entire Federal Reserve network. The expectation is prices in 2018 should continue to increase at a rate between 5% to 7%.
Below are four homes that recently sold in the Woodward corridor market of Royal Oak, Ferndale, Hazel Park, Berkley and Oak Park markets that will give you an idea of what is available at what price. As summer approaches we once again expect it to be a sellers market where there are more buyers than sellers, thus putting pressure on price.
If your life allows you to get a jump on the market it would behoove you to do so. Give me a call or text at 248-259-4187.