Garden Homes currently leans toward sellers, even as conditions evolve. The market gauge reads as a seller’s market, yet inventory has expanded to about nine months of supply in this rolling three-month view. That higher supply gives buyers more options than they had a year ago.
Prices have been relatively steady, with the typical home value down only slightly year over year while still above the broader Detroit median. Listing trends look softer, with the median list price falling sharply compared with a year ago. At the same time, buyers are acting faster, as the median days on market has dropped dramatically from last year, indicating that well-priced homes still move quickly.
Sales activity has cooled, with the number of homes sold down significantly from a year ago, yet contract activity is holding up better, as pending sales are only modestly lower. A growing share of properties, about one-third, are now selling above list, and the average sale-to-list ratio is near full asking price, which supports sellers’ pricing power. With Garden Homes showing more inventory than Detroit overall but still delivering strong results for sellers, local expertise matters. Agent Pronto can connect both buyers and sellers with an agent who understands these shifting dynamics and can help them navigate their next move.
