The number of homes for sale in the Comstock Park School district remains low with just over 1.5 months of inventory. This is in spite of the fact that the number of new listings has exceeded the number sold in the last four months. Average prices under $160k remain alluring for working class families and demand has increased steadily since mid-winter.
Average sold prices are trending just slightly below average list prices, leaving very little wiggle room for negotiations. Sellers should note that homes sold in June spent an average of 44 days on the market and in May that number was all the way down to 32. Demand should remain high through the summer so prospective Sellers should feel confident that homes listed now will most likely sell before mid-autumn.