Realtors say 2015 was a seller's market

By: Mike Koury | West Bloomfield Beacon | Published December 9, 2015

Andy Dean Photography/Shutterstock

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METRO DETROIT — As 2015 is winding down its final month, local Realtors are reflecting on the previous year in real estate, which was strong for people selling their homes.

Jan Hays, of Max Broock Realtors, said it was a very active market for all concerned in the housing market, but there was a shortage of inventory for buyers. 

“We continued to have a steady sale season throughout the whole year,” she said. “We’re still busy right now, which normally would be slowed down in the wintertime, but we’re still selling. As long as this weather holds out, there’s still buyers out there buying.”

Realtor Larry Williams, of Real Living Kee Realty, said he believes circumstances went from a buyers to a sellers market this year, and he thinks prices for homes will continue to rise, depending on their location.

Williams said the improvement in the economy in metro Detroit has led to more people feeling comfortable about buying homes.

“That’s definitely made a difference in people’s minds, and they’re starting to buy,” he said.

People searching for homes can look at anything from luxury to starter homes, which typically get the most attention, according to both Hays and Williams.

“You couldn’t find enough inventory in starter homes,” Hays said. “Those are where you would see multiple offers within hours of being listed.”

Both Hays and Williams said that, of what they saw this year, buyers cared a lot about having an upgraded kitchen in their home, as well as an upgraded bath.

The month of December might be a tricky month to try to sell homes, but mild temperatures and a lack of snow were helping the situation early this month.

“If we had 10 feet of snow right now, we probably wouldn’t be as active,” Hays said. “But because the sun’s out and there’s no snow … the market is still busy. People are still out there looking right now.”

When asked for what type of advice he would give to buyers, Williams said to look at the cleanliness and quality of the home, and for sellers to make their home as clean as possible.

“It’s got to be immaculate,” he said. “Buyers are very, very astute of what’s quality anymore.”

Hays said people buying should do their research and look for a good Realtor — someone with whom they feel comfortable.

“You’ve got to find somebody who’s going to go the extra mile and really do the exposure,” she said. 

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