Local Royal Oak Real Estate Agent Well Positioned to Help Clients Take Advantage of Positive Trends in Housing Market
Royal Oak real estate agent, Mike Dundon, is stepping in to help residents take advantage of the improving housing market. Whether a buyer or a seller, Dundon is well positioned to offer expert real estate services in the Royal Oak Michigan area.
Mike Dundon, a local Royal Oak real estate agent, is stepping in to help residents take advantage of the improving housing market. Whether a buyer or a seller, Dundon is well positioned to offer expert real estate services in the Royal Oak area. Home sales in the Royal Oak, Berkley and Ferndale markets are up and inventory in these areas is tightening. With all three cities showing sales unit gains over last year and inventories declining in each community, the region is quickly becoming a seller’s market. Already, homes selling at under $100,000 exist in a seller’s market, which is defined as less than a three month inventory. Homes priced above $100,000 exist in a market that is neutral but trending very close to a seller’s market -- so especially those thinking of entering the real estate market and looking at houses for sale in Royal Oak MI should consider acting soon.
According to Dundon, “When you look at those neutral markets, you can see about one-third of the market in a solid Seller’s Market with multiple bids and two-thirds still sitting at a Buyer’s Market, typically because of price or condition. “If available inventories remain tight, you might even see a slight decline in the number of homes sold in the coming months simply because we’ll run out of homes to sell.”
Dundon advises all of his buying clients to enter the market now because the trends are set to accelerate and very soon they will wake up to find that housing prices are moving up very quickly. Dundon is especially focused on helping first time buyers find the home of their dreams. With his home buyer process, he helps smoothly navigate buyers through the entire transaction.
Mike Dundon has helped residents of the Royal Oak area fulfill their dream of owning a home. Most come away from the experience surprised at how easy and effortless it was. One recent client said, “Mike, with your expertise in the Ferndale Market you were able to help me quickly secure a wonderful house. You know this market so well!! But then again, you live here!” That is the key to Mike Dundon’s success; he lives and breathes the Royal Oak, Berkley and Ferndale areas because that’s where he lives, works and plays. He truly loves these areas and it shows in the superior service he gives to his clients.
Those ready to enter the market can contact Mike through his Royal Oak Real Estate website or call 248.885.2775.