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2010 Oakland County Michigan Short Sale, Bank Owned and Traditional Sale Market Share by Mike Sher, (248) 644-4700x242, Max Broock

So, what is the break down of the Oakland County Michigan housing market anyways? We have all read the articles, watched our CNBC and local media outlets. We have heard speeches from Bush and Obama, Granholm and John/Jayne Q Taxpayer; now here are the numbers. As the chart shows, the distress Market is a major part of the Oakland County housing market. Distressed sales made up 54% of sales in 2010, (of that 39% Bank Owed and 15% Short Sale.) The traditional sales market is now only 45%.

So what does that mean to the consumer; if you are buying or selling a home in Oakland County, you NEED a Realtor with distressed property experience. The traditional realtor is a dieing breed. The new Realtor knows about Foreclosures and Short Sales. He or She is well read and up to date on how this new real estate market works, acts and looks like. Even if you are selling or buying a NON-distressed home, your agent must understand the fundamentals of the distressed market. No home owner is an island and when 54% of the market is distressed, today's agent needs to be well equipped to get you the results you deserve.

To find out more on how the Mike Sher Team can help you, please contact me today.

 Mike Sher (248) 496-1572, mike@mikerealtror.com Max Broock Realtors 2010 Results, 65 Units Sold, $10,000,000 in volume and 26 Short Sales Sold