Rising Inventory Means This Spring Could Be Your Moment to Buy in Novi, Michigan
As we move into the spring real estate season, Novi, Michigan is seeing a rise in housing inventory. This increase in available homes could be a game-changer for those considering a move to this thriving community.
According to recent data, higher inventory levels are providing more choices for buyers. This is great news if you’ve been struggling to find the perfect home in Novi or nearby areas. With more homes on the market, you’re more likely to find a property that suits your needs and budget.
The graph below uses the latest data from Realtor.com to show the supply of homes on the market has grown by 27.5% in just the last year:
Additionally, rising inventory can help ease the competitive pressure buyers have been facing. If you’ve been considering relocating to Novi, Michigan, this could be the ideal time to start your search. With the growing number of available homes, you’ll have more options to explore and better opportunities to negotiate.
According to Realtor.com, the number of listings with price reductions has gone up compared to the last few years (see graph below):
Are you ready to take advantage of this favorable market? Contact me today to start your home-buying journey in Novi, Michigan and make the most of the spring inventory surge
