If you’ve been watching the Birmingham and Bloomfield real estate markets, you’ve probably noticed they’ve stayed incredibly active despite national headlines hinting at slowdowns. Here’s what’s really happening locally — and what it means whether you’re buying or selling this year.

1. Low Inventory, High Demand

Even with rates fluctuating, inventory across the 48009, 48301, and 48302 zip codes remains low. Homeowners who refinanced into 3% mortgages are hesitant to sell, meaning there are fewer quality listings for buyers to choose from. As a result, updated, move-in-ready homes are commanding top dollar — often within days of hitting the market.

2. The Migration Trend

We’re seeing more buyers move up from Royal Oak, Berkley, and Troy into Birmingham and Bloomfield Hills. These move-up buyers want larger lots, better schools, and a more established neighborhood feel — even if it means paying a premium. This demand continues to support prices, especially for turnkey properties near downtown Birmingham and Bloomfield Village.

3. Renovations Are Paying Off

Because inventory is tight, homes with recent updates — kitchens, baths, roofing, mechanicals — are selling faster and often with multiple offers. Cosmetic upgrades alone won’t cut it anymore; buyers value homes with major systems already taken care of.

Takeaway

If you’re a homeowner considering selling in the next 12–24 months, now may be the time to evaluate your property’s equity position and what simple improvements could elevate your price point.

Thinking about your home’s current value? I’m happy to provide a detailed local breakdown based on real sales in your neighborhood.