Cummings Realty Blog

  Unlocking the Real Estate Market with Cummings Realty Hello Buyers and Sellers! At Cummings Realty , we’re here to keep you informed and empowered as you navigate the exciting world of real estate. Today, we’re diving into some key market metrics that paint a picture of current trends and opportunities. Whether you’re buying, selling, or just curious about the market, here’s what you need to know: 1. Months Supply of Inventory: A Healthy Balance The Months Supply of Inventory currently stands at 2.91 , indicating a balanced market. What does this mean? At the current sales pace, it would take about 2.91 months to sell all the homes currently on the market. This balanced level of supply and demand creates opportunities for both buyers and sellers to achieve their goals. 2. Inventory Trends: A Shift Toward Buyers Over the past year, the 12-Month Change in Months of Inventory has seen a significant increase of +20.75% . This uptick suggests that buyers now have more options to cho...

  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 ...