Cummings Realty Blog

  Harrison, MI Real Estate Market Insights with Cummings Realty As a real estate professional in Harrison, MI, it’s essential to analyze market metrics to provide buyers and sellers with accurate insights. Understanding the trends behind the numbers can help clients make informed decisions, whether they’re buying their dream home, selling a property, or investing in the market. Let’s break down some key indicators shaping the Harrison real estate market and what they mean for you: Current Market Conditions Months Supply of Inventory: 3.55 This metric measures how long it would take to sell all the homes currently on the market at the current pace of sales. A lower inventory often indicates a seller's market with strong demand, while higher inventory trends toward a buyer's market. At 3.55 months, Harrison’s market suggests high activity, favoring sellers, but this may be shifting. 12-Month Change in Inventory: +38.13% The significant increase in the Months Supply of Inventory ...

Hey there, potential homebuyers and sellers! Let’s dive into the exciting world of real estate metrics and see how they all tie together—with Cummings Realty by your side to guide you every step of the way. Market Metrics Breakdown Months Supply of Inventory: Currently at 4.04 , this metric tells us how long it would take to sell all the homes on the market at the current pace. A lower number leans toward a seller's market, while a higher number suggests a buyer's market. 12-Month Change in Months of Inventory: Inventory has increased by 29.07% over the past year, meaning more homes are available for buyers. This could give buyers more options and create opportunities for negotiating. Median Days on Market: Despite rising inventory, homes are still selling quickly, with a median of 59 days on the market. This reflects continued strong demand in the area. List to Sold Price Percentage: Homes are selling for 93% of their listing price , signaling that sellers are pricing their...