Today, buyer demand continues to exceed available housing supply, extending the favorable seller’s market that has been in place for years. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we have seen that even though sellers have had the upper hand in negotiations in recent years with constricted inventory remaining nationally, more buyers entering the housing market could increase momentum. The last of 2019’s peak months for home sales also prompted encouraging signs for buyers with a steep decline in Median Sales Price from July 2019 to August 2019. Despite the concerns over low inventory, the seasonal decline in inventory from July 2019 to August 2019 is on par with the national average. Check out below to see the house Just Listed in Bella Terra in November 2019:
50873 Almafi Court, Novi: 4 bedrooms, 2.2 bathrooms, 2,575 sq. feet, 3 car garage, Listed Price: $544,900
Bella Terra Just Listed Home
November 2019
Inventory growth that started last fall has been swallowed up by demand as buyers have returned to the market. For more information on Bella Terra, or similar Northville or Novi neighborhoods such as Hills of Crestwood, Northville Hills Golf Club and Kirkway Estates, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.