Short Sale Realtors: Bloomfield / Birmingham / Novi / Troy / Rochester / Beverly Hills / West Bloomfield / Franklin / Royal Oak / Huntington Woods / Oakland County / Detroit Metro Area The Mike Realtor Team! : February 2010

Below is a comparison of January 2009 to January 2010 monthly housing numbers.  Please see the cliff notes below for a quick read, but make sure you check out your individual city to find out how your municipality stacks up. 

It is noticeable that sales our up by 21% and home inventories are down by 16% (shrinking inventories and rising sales units is good medicine to cure market glut!!). Though, on average the sale prices are still down, the fact that homes are selling leads to a bottoming out trend which is hopeful and desperately needed.  If inventories continue to shrink, prices will stabilize though scarcity of available homes to purchase.  This is good news, supply and demand leveling out. We are not out of the woods yet but I feel we are more then 1/2 through!!!

Mike Sher, Max Broock

2009 Results, 56 homes sold, 22 short sales and 365 days work hard work.  Contact me at (248) 644-4700 or team@mikerealtor.com

Links below for a more readable copy of stats below:

Download Oakland County stats for January 2010.
Download Macomb County stats for January 2010.

Often short sales fail because someone loses hope and just gives up.  It may be the buyer's agent, the seller, the buyer or listing agent. They just run out of steam and walk away.  The key is never give up. Never Quit, Fight to the end.   A short sale is never a sprint but a Marathon and like all marathons at some point you will hit the wall and want to give up. But, if you push through, work a little harder, try again, re focus and fight you will always reach the finish line.  JUST KEEP SWIMMING!!

The Mike Realtor Team is proud to announce that 2009 we closed 56 homes, 22 of them short sales. With our 90% Short Sale success rate, the Mike Sher Team makes sure that each short sale makes it to the closing table. If you are looking to sell your home or looking to buy a great home for a great price, the Mike Sher Team is here to help. Call us at (248) 644-4700 or check us out at www.mikerealtor.com Mike Sher

 The Mike Realtor Team is proud to announce that our Quarton Lake Birmingham Short Sale listing of 951 Fairfax has recently SOLD. With our 90% Short Sale success rate, the Mike Sher Team is has saved another home from Foreclosure. If you are looking to sell your home or looking to buy a great home for a great price, the Mike Sher Team is here to help. Call us at (248) 644-4700 or check us out at  www.mikerealtor.com Mike Sher

 The Mike Realtor Team is proud to announce that our Bloomfield Short Sale listing of 338 Cranbrook with Birmingham Schools has recently SOLD. With our 90% Short Sale success rate, the Mike Sher Team is has saved another home from Foreclosure. If you are looking to sell your home or looking to buy a great home for a great price, the Mike Sher Team is here to help. Call us at (248) 644-4700 or check us out at www.shortSaleOaklandCounty.com or www.mikerealtor.com Mike Sher