This Weeks Farmington Hills Housing Market Report-3-30-22

This week the median list price for Farmington, MI is $399,450 with the market action index hovering around 80. This is about the same as last month's market action index of 80. Inventory has increased to 50.

My reports use real-time market data to give you actionable insights into what’s happening in the market right now and how market conditions are changing every week.

With all my sellers, I want them to know how the market is behaving while their house is listed or they’re preparing to list, so please take a moment to review this week’s report.

One key indicator to watch is the “Market Action Index” (MAI) – this shows if the market is heating up or cooling down. If the MAI is above 30, we’re looking at a seller’s market; if it falls below 30, this means there’s more seller competition and fewer buyers.

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