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