$800,000-$999,999
$2,000,000+
Total
Community
$600,000-$799,999
For
Sale
Sales
Mths
Sup
For
Sale
Sales
Mths
Sup
For
Sale
Sales
Mths
Sup
For
Sale
Sales
Mths
Sup
Under
$600,000
For
Sale
Sales
Mths
Sup
$1000,000-$1999,999
For
Sale
Sales
Mths
Sup
ADDISON/LEONARD
4
79
66.5
0
2
0.0
*
0
3
0.0
*
0
7
0.0
*
4
67
56.4
0
0
0.0
AUBURN HILLS
41
212
17.4
0
0
0.0
0
0
0.0
0
0
0.0
41
212
17.4
0
0
0.0
BERKLEY
68
205
10.2
0
0
0.0
0
0
0.0
0
0
0.0
70
205
9.9
0
0
0.0
BEVERLY HILLS
30
128
14.4
0
0
0.0
0
2
0.0
*
0
7
0.0
*
33
119
12.1
0
0
0.0
BIRMINGHAM
66
599
30.6
5
72
48.5
2
35
58.9
8
63
26.5
66
408
20.8
0
21
0.0
*
BLOOMFIELD HILLS
12
131
36.8
1
22
74.1
1
17
57.2
1
13
43.8
16
41
8.6
0
38
0.0
*
BLOOMFIELD TWP
111
800
24.3
4
70
58.9
3
43
48.3
7
91
43.8
122
552
15.2
0
44
0.0
*
BRANDON/ORTONVILLE
36
195
18.2
0
0
0.0
0
1
0.0
*
0
1
0.0
*
36
193
18.1
0
0
0.0
CLARKSTON/INDEPENDENCE
93
415
15.0
0
12
0.0
*
0
3
0.0
*
2
23
38.7
92
373
13.7
0
4
0.0
*
CLAWSON
36
123
11.5
0
0
0.0
0
0
0.0
0
0
0.0
36
123
11.5
0
0
0.0
COMMERCE/WALLED-WOLV
LK
149
656
14.8
0
5
0.0
*
0
7
0.0
*
4
16
13.5
148
628
14.3
0
0
0.0
FARMINGTON/FARMINGTON
HILLS
215
993
15.6
0
9
0.0
*
0
9
0.0
*
0
17
0.0
*
216
957
14.9
0
1
0.0
*
FERNDALE
93
341
12.4
0
0
0.0
0
0
0.0
0
0
0.0
94
341
12.2
0
0
0.0
FRANKLIN/BINGHAM
8
90
37.9
0
10
0.0
*
1
10
33.7
1
13
43.8
9
51
19.1
0
6
0.0
*
GROVELAND
10
71
23.9
0
2
0.0
*
0
1
0.0
*
0
2
0.0
*
10
66
22.2
0
0
0.0
HAZEL PARK
93
330
12.0
0
0
0.0
0
0
0.0
0
0
0.0
93
330
12.0
0
0
0.0
HIGHLAND
47
246
17.6
0
4
0.0
*
0
2
0.0
*
0
6
0.0
*
48
233
16.3
0
1
0.0
*
HOLLY
18
190
35.5
0
3
0.0
*
0
1
0.0
*
0
0
0.0
18
186
34.8
0
0
0.0
HUNTINGTON WOODS
19
72
12.8
0
0
0.0
0
0
0.0
1
3
10.1
20
69
11.6
0
0
0.0
KEEGO HARBOR/ORCHARD
LK
7
137
65.9
1
17
57.2
0
4
0.0
*
0
5
0.0
*
8
98
41.3
0
13
0.0
*
LAKE ORION/ORION
99
488
16.6
0
1
0.0
*
0
4
0.0
*
0
19
0.0
*
100
463
15.6
0
1
0.0
*
LATHRUP VILLAGE
9
72
26.9
0
0
0.0
0
0
0.0
0
0
0.0
9
72
26.9
0
0
0.0
LYON TWP/SOUTH
LYON
71
299
14.2
0
2
0.0
*
0
0
0.0
2
7
11.8
70
290
14.0
0
0
0.0
MADISON HEIGHTS
52
377
24.4
0
0
0.0
0
0
0.0
0
0
0.0
52
377
24.4
0
0
0.0
MILFORD
33
287
29.3
0
9
0.0
*
1
15
50.5
1
34 114.5
32
229
24.1
0
0
0.0
NOVI
153
668
14.7
2
13
21.9
0
14
0.0
*
5
39
26.3
147
595
13.6
0
7
0.0
*
Seller's
Market
Normal
Market
Buyer's
Market
2 months or less supply
of homes
3-6 months supply of
homes
Over 6 months supply of
homes
* Buyer's Market -
No sales this period in area and price range
In a Seller's market,
Buyers must still be willing to act quickly with a strong offer. For
sellers, gauge your
negotiating strength by the number of showings you are getting.
Watch market
conditions. Normal markets tend to be a short term transition towards
either a buyer or
seller market. Reevaluate your marketing strategy and price every 30
days.
In a Buyer's market,
balance the best combination of price and terms to insure your
home is sold in an
acceptable time frame. If there is an 18 month supply of homes,
make sure your home
sells in month 1 not month 18.
Months Supply
Computed With A Seasonal Multiplier
2
The Months Supply
number is naturally higher in the slower months (winter) and
lower in the spring and
summer. To smooth out those fluctuations, the Months Supply
number is seasonally
adjusted for "apples to apples" quarterly comparisons.
* Seller's Market -
None for sale this period in area and price range