Market Conditions for Grand Blanc
Median Sale Price
The median sale price for homes in June was $193,000. The median sales price for homes in June rose by $500 compared to last month. This represents a 0.25% increase from May. Compared to the same month last year, the median price of homes rose by $7,000 representing a 3.76% year-over-year change.
Homes for Sale
The inventory of homes for sale rose by 24 in June to 250. This represents 10.61% increase from May when 226 homes were on the market. Compared to the same month last year when there were 267 homes for sale, the inventory of homes for sale has fallen by 17 representing a -6.36% year-over-year change.
Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.
The 115 homes sold in June was 14 more than in May. This represents a 13.86% increase in sales from May. Compared to the same month last year, the number of homes sold increased by 4, a 3.6% year-over-year increase.
Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.
Avg Days on Market
The average days on market for a home sold in June (42) increased by 4 days compared to May. This represents a 10.52% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 15, a 55.55% year-over-year change.
Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.
Sale/List Price Ratio
The Sale/List Price Ratio of 96.67% in June fell by 0.35% compared to May and decreased 0.89% compared to the same period last year.
Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.
The number of homes listed in June (139) fell by 5 compared to May, a 3.47% change. Compared to June 2018, the number of new listings decreased by 24, a -14.72% year-over-year change.
Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.
Median List Price
The median list price in June was $216,900. The median list price for homes in June fell by ($8,000) compared to last month. This represents a 3.55% decrease from May. Compared to the same month last year, the median list price of homes increased $17,900 representing a 8.99% year-over-year increase.