HomeLight

MAY 23, 2025

Heres a snapshot of the current real estate conditions in Michigan: As of April 2025 Days on market 28 days Median home sale price $249,100 List price vs. sale price 97.6% Hayman notes that the cost of selling a house in Michigan can vary significantly based on the states evolving market.

Purchase and sale agreement 52

Purchase and sale agreement Days on market Rent back Agents 52

HomeLight

APRIL 21, 2022

One solution might be a rent-back that would financially compensate a patient buyer if the seller needs more time to transition after the sale. Has your home been sitting longer than the average ‘days on market’? The longer your home sits on the market, the more likely you are to receive low offers.

Inspection contingency 111

Inspection contingency Home sale contingency Pre-approval Agents 111

HomeLight

DECEMBER 14, 2021

Q: What is your “days on market” average? A: The days on market is the number of days, on average, for the agent to sell a home. For great agents, this number is typically about half of the days on market for average agents. It could be the close date, repairs, or a rent back period.

Earnest money deposit 111

Earnest money deposit Pre-qualification Agents Days on market 111

HomeLight

DECEMBER 14, 2021

Q: What is your “days on market” average? A: The days on market is the number of days, on average, for the agent to sell a home. For great agents, this number is typically about half of the days on market for average agents. It could be the close date, repairs, or a rent back period.

Earnest money deposit 105

Earnest money deposit Agents Days on market Pre-qualification 105

HomeLight

JULY 29, 2022

It helps to know where the market is now and where it’s headed. In a buyer’s market. In a buyer’s market , inventory exceeds demand, typically resulting in homes spending more days on market , and thus, resulting in pressure on the seller to reduce the price or offer concessions to incentivize a buyer.

Debt-to-income ratio 111

Debt-to-income ratio Loans Rent back Agents 111

HomeLight

JANUARY 28, 2021

Many Realtor boards publish monthly market reports featuring data on local home prices and days on market trends to give you a more precise gauge of market temperature. To get a sense for how fast home values have appreciated in your area, check your local Realtor association website for information.

As-is 105

As-is Purchase and sale agreement Agents Equity 105

HomeLight

APRIL 29, 2021

The number of days on market (DOM), which marks how long a home is on the market before the seller accepts an offer, typically drops. In a balanced market, marketing time typically lasts around six weeks , according to The National Association of Realtors® (NAR). You may receive multiple competing offers.

Marketing 111

Marketing Sales Agents Construction 111