🏠 Is Now a Good Time to Buy or Sell? Here’s What the Latest Market Stats Say in Lake Orion, MI
If you’re thinking about buying or selling a home in Lake Orion, you’re not alone—and you’re probably wondering whether now is the right time. Let’s take a look at the latest local housing market stats to help you make a confident and informed decision.
📉 Low Inventory = High Competition
Months Supply of Inventory: 1.45
With only 1.45 months of inventory available, Lake Orion is currently in a strong seller’s market. This stat measures how long it would take to sell all active listings if no new homes were added. For sellers, this means fewer homes to compete with—and more negotiating power. For buyers, it signals the need to act quickly and be prepared with a strong offer.
📊 Inventory is Growing (Slightly)
12-Month Change in Inventory: +17.89%
Yes, inventory has ticked up nearly 18% over the past year—but that’s from a very low starting point. This gradual increase may give buyers a bit more selection, but the market is still tight overall. Sellers should stay sharp with pricing and presentation, but demand remains strong.
⏱️ Homes Are Selling Fast
Median Days on Market: 21
Homes in Lake Orion are going under contract in just three weeks on average. That’s great news for sellers who want a quick sale. Buyers, on the other hand, need to move fast—waiting even a few days can mean missing out.
💰 Strong Offers Are the Norm
Sold to List Price Ratio: 98.6%
This stat shows that homes are typically selling for nearly the full asking price. Buyers should expect to come in with competitive offers, especially in multiple-offer situations. Sellers can feel confident they’ll get close to what they ask—assuming the home is priced right.
💵 Median Sold Price: $308,250
This figure reflects the mid-range of home prices in the area. For buyers, it’s a helpful benchmark to understand affordability. For sellers, it gives a solid expectation of where your home may be valued in today’s market.
📣 Let’s Make Your Next Move a Smart One
Whether you’re looking to buy your first home or sell your current one, the Lake Orion market is active and full of opportunity. Let’s talk about your goals and create a strategy that works for you.
📞 Contact one of our agents today for a free, no-pressure consultation—and let’s make your real estate goals a reality.
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