Sellers Continue to Have the Upper Hand

Sellers continue to have the upper hand in the real estate market. A shortage of homes has contributed to the current state.  In March 2021, the average seller in metro Detroit received 100 percent of the asking price. Often, sellers received well over their asking price. Sellers continue to contend with dozens of offers that include a variety of contingencies and perks. Buyers are in a bind trying to find homes within their price ranges and are often forced to make concessions on things they want.