Home prices up, inventory could go up in 2019

Home prices continue to go up while sales have slowed down some in the overall market. Prices have gone up by about 2.8% overall as a courtesy of the high demand and low inventory.

In the Dearborn area, prices have gone up 7%, and they are expected to continue rising in 2019. However, more homes on the market are expected this year which could make it easier to purchase a home.

The average time for a home being on the market in the Dearborn area is about 27 days, with some homes if priced at or near market prices are selling on the first a few days of being offered.

Courtesy of Realcomp

The trend is expected to continue and the market is expected to continue sizzling this year.

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