Should Metro Detroit buyers negotiate a lower price or seller concessions?
With mortgage rates at 7.40% as of October 8, buyers purchasing homes above $500,000 have more to consider than the asking price.
My latest Realcomp analysis shows that estimated months of supply vary significantly across Oakland, Wayne and Macomb counties.
Some higher-end markets offer buyers more negotiating opportunities, while others remain relatively competitive.
My latest market insight explains how purchase price, financing costs, seller contributions and contract terms can affect the overall buying decision.
Click “Learn More” to read the full market insight and buyer negotiation strategy.
