18035 Silver Parkway, Fenton, MI 48430
2455 E Hill Rd, Grand Blanc, MI 48439
1453 N Elms Rd, Flint Twp, MI 48532

More Than Half of Homes Sold in April Sold for Above the Listing Price

Dated: May 24 2022

Views: 54

We’re in the midst of a huge demand for homes—and that demand translates to sellers fetching higher prices for their Fenton and Linden homes.

According to data from real estate technology firm OJO Labs, in the top 50 metro areas in the United States, more than half (52 percent) of all properties sold in April 2022 sold for above listing price. That’s up 7 percent from March 2022, when 45 percent of homes sold above asking—and up 10 percent year-over-year.

How much above listing are homes selling for? On average, homes sold in April went for $13,655 above asking price—although many metros saw sale prices go significantly higher than that average (like San Francisco, where a whopping 82 percent of homes sold for above asking price—at an average of nearly $200K over the listing price.)

The Takeaway:

With so many homes selling above asking price, there’s no denying that we’re still in a seller’s market—so if you’ve been thinking about listing your home, now is a great time to make a move. Contact Van today if I can Help! 810-936-3251

Blog author image

Van Braun

American Associates Realtors is a licensed Broker in the state of Michigan and is a leading authority on Fenton, Michigan Area Real Estate. After 37 year’s of Service our Love for the Communitie....

Latest Blog Posts

Have a Howell Home Inspection Coming Up? Use These Tips to Ensure the Process Goes as Smoothly as Possible

If you’re selling your Howell home, chances are, the Howell buyers are going to get your home inspected.So, the question is, as a homeowner, what steps can you take to ensure that your

Read More

Don’t Give Up on Buying a Brighton Home if You’re a Millennial Renter

Almost 25% of Millennials (ages 26-41) claim they plan on renting forever according to this Apartment List article. That’s nearly double the amount since they started their ongoing survey

Read More

Homebuyers Should Use This Guide for Negotiating Repairs

Article Written By: Claire WentzBuying a new home is an exciting time, but it can be a frustrating one as well. You might find what you believe is your dream home only to discover that it needs a

Read More

7 Unusual (But Not Unreasonable) Reasons to Sell Your Brighton House

There are a lot of reasons why you might want to sell your Brighton house. Maybe you want a bigger one. Or perhaps you’d rather downsize to something smaller. Moving closer to work is always a

Read More