Read articles and information about home values and market data.  

Will the Housing Market Maintain Its Momentum? | MyKCM

Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why existing home sales have slowed – there aren’t enough homes to buy. There are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

Lawrence Yun, Chief Economist at NAR, explains in the report:

“The sales for March would have been measurably higher, had there been more inventory. Days-on-market are swift, multiple offers are prevalent, and buyer…

299 Views, 0 Comments

The month of April 2018 has some significant changes in the housing market for Genesee County, Michigan, including cities like Fenton, Linden, Holly, and Grand Blanc.  The largest percentage drop that was recorded in Genesee county was the months supply of inventory of homes for sale coming in at -46.2% compared to 2017 supply.  This drastic drop of in months supply of homes for sale from 3.9 to 2.1 shows that the market continues to be in favor of home sellers.   In comarision to Genesee County, the City of Fenton saw similar results with the months supply down 46.9% and the average sales price of homes sold in Fenton climbing 11.5% year over year from $172,980 to $192.281.  

Click Here to see the Detailed Local Market Update Report for Genesee…

1140 Views, 0 Comments

During the month of November in Genesee County the residential market actually saw a decrease in new listings.  Year over year 2017 was down from 414 new listings in 2016 to 387 new listings in 2017 for a change of -6.5%.  This decrease in new listings for the month of November brought the year to date from 6,643 in 2017 to 6,409 in 2017 which is a change of -3.5%.  

Pending sales however for the month were up 8.6% to 405 pending home sale versus 373 in 2016.  This brought the year to date pending sales to 5,113 for the year which is slightly down from 5,069 during 2016.  Closed home sale saw a nice increase for the month up from 409 in 2016 to 425 in 2017 for a 3.9% increase.  This increase still leave the number of closed home sale down 2.8% for the year…

1066 Views, 0 Comments

During the long, hot, humid days of summer, many of us dream about a lakefront home.  Think about it – idyllic lake views, easy access to the water, and a beautiful custom home for you and your family.  Is this summer the right time for you to embark on the new adventure of buying one of the homes for sale on Lake Fenton?  Whether you’re looking for a high-end custom home right on the water’s edge, or one of the many affordable single family homes for sale on Lake Fenton, come to Jennifer Lasco Real Estate and we will help ensure that your home buying process is as smooth and as positive as it can be.  Our years of experience with Lake Fenton real estate means we are uniquely qualified to make this milestone a truly remarkable one for you.

A Closer…

870 Views, 0 Comments

If you've decided to buy or sell a home this spring, you are embarking on an exciting and potentially stressful challenge. This is a significant event in the your life, whether you are investing in your very first home, upgrading to a larger place, relocating due to a job or career change, or downsizing into something smaller. A multitude of details stand before you. Talk with us at Jennifer Lasco Real Estate to help you make the buying or selling process a positive one. We bring years of experience in the Fenton area to the table, and we will do everything to make this milestone a positive one for you.

Fenton Michigan Spring Home Market Report

About Fenton Michigan

Our city is one of those quiet communities where neighbors know one another and where community, family and an appreciation for…

761 Views, 0 Comments

The conventional wisdom is to put your house on the market in the spring. However, there are some possible advantages to testing the market in the fall instead. You should carefully weigh your options and the local market conditions in Fenton, Michigan to decide if it might be worthwhile to list your home a few months early. In this post, we will go over the biggest factors that determine the best time to list your home so you'll know what to look for as you research this decision.   The first thing to think about is how many other sellers are doing the same thing. The fewer houses there are on the market, the more yours will stand out because there is less competition. All the buyers will be coming to you because there won't be many options, and…

874 Views, 0 Comments

The crazy spring and summer markets have come to an end and shockingly, the market is still on fire!  People in our area have been experiencing the upswing of the real estate market for the last two years with strong home prices but this year is a bit different than the last with a very low market inventory.   What does that mean for all of the sellers out there? People are looking for your house!

Talking to lenders, agents and buyers in the market, there are still so many people out shopping for homes and not finding what they are looking for.  Homes at prices that first-time buyers can afford are flying off of the market in days due to the low inventory of homes for sale for sale making it difficult to fill the demand and forcing people to continue…

773 Views, 0 Comments