2019 Grosse Pointe Real Estate Annual Report

Higbie Maxon Agney is pleased to offer its 2019 Grosse Pointe Real Estate Annual Report – Within this report you will find information on average sale prices, sales volume, real estate trends, and much more.

2019 was an extremely productive year for residential sales, with some excellent highlights in the past twelve months –

  • Overall the average sales price increased by $10,480
  • Total residential sales were over $303 million, and 814 homes were sold
  • The average sales price in the City rose 27%
  • There was a 29% increase in the average sales price of condominiums.
Early forecasts for 2020, from Realtor.com, predict that while there will be opportunity for buyers, inventory will remain constrained in some parts of the country. The good news is Mortgage rates have fallen to their lowest level since 2016. The average interest rate for a 30-year fixed-rate mortgage fell to 3.45% last week, Freddie Mac reported, the lowest level since October 2016.

Please click here to access the full report.

Our goal is to give you an accurate and complete picture of the 2019 Grosse Pointe housing market. All of the graphs were produced internally for Higbie Maxon Agney using MiRealSource multiple listing service.

We are confident that these are the best statistics currently available on the Grosse Pointe housing market, and we hope that you will find the contents of this report readable and useful. As we look forward to the coming year, we will use this information to help our clients make informed, educated real estate decisions.

I look forward to assisting you with any real estate needs you may have in 2020.