Howell Michigan Real Estate and Mortgages

The Novi real estate sales have been moving at a decent rate, so far this year. Despite the down market it seems that Novi Real Estate has been selling. Now the prices that they are selling for may not be as high as you would like them to be, but if you keep in mind that Michigan is in short a declining market. There have been 15 Novi real estate sales thus far in 2008. This should start to pickup due to spring and summer being right around the corner.

Price Statistics Legend

Range Name Price Range Number of Listings Days on Market R1 150000 to 200000 6 170 R2 200001 to 250000 2 123 R3 250001 to 300000 0 0 R4 300001 to 350000 0 0 R5 350001 to 400000 2 100 R6 400001 to 450000 2 222 R7 450001 to 500000 1 153 R8 500001 to 550000 0 0 R9 550001 to 600000 0 0 R10 600001 to 650000 1 272 R11 650001 to 700000 0 0 R12 700001 to 750000 1 250 For the 15 listings: For the 15 Sold listings: Average List Price $349,375.00 Average Sold Price $323,788.00 Median List Price $225,000.00 Median Sold Price $205,500.00 Highest List Price $750,000.00 Highest Sold Price $730,000.00 Lowest List Price $169,900.00 Lowest Sold Price $150,000.00 Average Market Time 171 Average Market Time 173

This is based on information from the Board/Associations of Realtors (alternatively from the Realcomp II Ltd. MLS) on a search from January 1, 2008 through February 15, 2008.

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