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 ...

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...

 

 

 

 

 

 

 

 

 

 

 

  Original MLS: #50121536 Address: 2041 Lois St Price: $170,000 Municipality: Hayes Twp Are you seeking a retreat from the hustle and bustle of city life? Look no further. Nestled on a quiet dead-end road, just beyond the city limits, you'll find a beautifully crafted home on just under half an acre of pristine land. This meticulously maintained stick-built home is the epitome of comfort and tranquility, offering an inviting open concept that fosters connections with family and friends. Nature's Embrace Step onto your porch and savor the crisp, refreshing air. Here, you can take in the sights and sounds of nature, leaving the stress of the day behind. But the real magic happens by the serene pond, where the gentle flow of water provides a calming backdrop to your daily life. Whether you're a fan of early morning birdwatching or evening meditation, this natural oasis is a true gift. Modern Comforts Inside, you'll find modern comforts that ensure a cozy and convenient lif...

Original MLS: #50120737 Address: 221 N Bluegill Lake Rd Price: $209,900 Municipality: Frost Twp Welcome to Bluegill Lake, where tranquility and natural beauty come together to create the perfect setting for your new home. This tastefully updated property welcomes you with elevated ceilings and wood beams that adorn the inviting living room on the main floor. As if that's not enough, a large deck awaits for all your entertaining needs, making this home a true gem for those who love lakeside living. A View from the Loft But the magic doesn't stop there. Take a stroll up the winding stairs, and you'll find yourself in a captivating loft with fantastic views. It's the ideal spot to unwind, read a book, or simply gaze out at the serene waters of Bluegill Lake. A Taste of Scandinavia in the Kitchen For those who appreciate unique touches, the downstairs kitchen is a delightful surprise, featuring personal touches inspired by Scandinavia. You'll find a cozy and welcoming s...

Original MLS: #50120013 Address: 516 Ithaca St Price: $75,000 Municipality: Harrison An exciting opportunity awaits in the heart of the charming City of Harrison! This 3-bedroom, 2-full bath fixer-upper is the perfect canvas for your creative vision. Nestled in a prime location with access to the pristine waters of all-sports Budd Lake, this property offers boundless potential for those with a flair for transformation. The Diamond in the Rough Follow the paved road, and it will lead you to this diamond in the rough, waiting for your touch. Although it needs some love and attention, the property offers a solid foundation with vinyl siding and vinyl windows, giving you the perfect starting point for your renovation dreams. Room for Outdoor Enthusiasts The fenced yard offers plenty of space for outdoor activities and landscaping enthusiasts to create their dream outdoor space. Whether you want a tranquil garden or a vibrant playground, the possibilities are endless. A Fixer-Upper with Pot...

  Original MLS: #50118014 Address: 1071 Lake Dr Price: $135,000 Municipality: Lincoln Twp Imagine a cozy cabin, snuggled behind a curtain of trees, nestled on the tranquil shores of Bertha Lake. It's the perfect retreat where family and friends come together, leaving the hustle and bustle of daily life behind. This charming 2-bedroom, 1-bath home with an open concept is waiting for a new owner to start enjoying all that it has to offer. A Lakeside Escape Awaits As you step onto the large deck that nearly wraps around the home, you'll be greeted with a view that will make you go "AWW." Grab your morning coffee or your favorite drink and savor the breathtaking view of the lake as the sun rises, casting a warm and inviting glow over the water. Boating Paradise This home includes a doc for your boat and a shed to store all your water toys, making it incredibly convenient for those who love spending time on the water. Just around the corner is the boat launch, so you can g...

  CLOSED Original MLS: #50116606 Address: 156 Spruce St Price: $129,900 Municipality: Harrison Prepare to be amazed by a remarkable home nestled within the vibrant city of Harrison. This expansive residence is perfectly situated within walking distance of Harrison Community Schools, the City park, the Harrison Splash pad, shopping, dining venues, a football field, churches, and an array of attractions. If you're seeking convenience and comfort, this home offers it in abundance, with ample space for your family to thrive. Efficiency and Organization at Its Best Efficiency and organization are at the forefront of this well-designed residence. It boasts plenty of storage solutions to keep your living space clutter-free and a dedicated laundry room for added convenience. Whether you're a family of three or five, there's room for everyone to find their personal haven in this spacious home. A Prime Location for Easy Living Positioned elegantly along a paved road and boasting a co...