Apr 4, 2024 - Real Estate

The best time to sell your home in Metro Detroit

2023 Detroit home sale premiums, by listing date
Data: Zillow; Chart: Erin Davis/Axios Visuals

Detroit-area homes listed in June and July could fetch more money, per a new Zillow report.

The big picture: May has long been the best month to list your house in the United States. But in 2023, sellers made the highest profits in the first two weeks of June, the Zillow study shows.

  • This shift is largely due to mortgage rates, which cooled slightly in June and brought some buyers off the sidelines.

The other side: Buyers, if you want to avoid peak pricing, consider shopping outside of the spring and summer months.

What's next: Interest rate cuts aren't expected anytime soon, but if those rates do fall in 2024, we may have a second spring market.

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