Top Mega Teams in Michigan – Ranked by Volume

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Rank – State VolumeTeam NameCompanyLocationVolumeProfile
1Wentworth Real Estate GroupWentworth Real Estate GroupFenton , MI$260,227,410View Profile
2The Perna TeameXp Realty, LLCNovi, MI$256,914,592View Profile
3Glover AgencyKeller Williams ProfessionalsPlymouth, MI$238,923,073View Profile
4Mark Z Home Selling TeameXp Realty, LLCNovi, MI$222,806,848View Profile
5The Monzo GroupKeller Williams Great LakesGrosse Pointe Woods, MI$126,950,000View Profile
6In Network Real Estate TeamKeller Williams Paint CreekRochester, MI$109,841,775View Profile
7Nexus GroupRE/MAX NexusBirmingham, MI$77,268,162View Profile
8The SELLING TeamKeller Williams Realty LansingLansing, MI$63,962,632View Profile
9The Delia GroupKeller Williams Paint CreekRochester, MI$60,495,390View Profile
10James Silver TeamKeller Williams Paint CreekRochester, MI$34,659,302View Profile

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2023 Michigan Housing Market Summary

Michigan started 2023 with a total of 14,970 single-family homes on the market, with a median home price of $230,000 and an average price per square foot of $175. By the end of the year, inventory had decreased to 13,638 homes on the market (-8%), with a median home price of $239,900 (+4%) and an average price per square foot of $181 (+3%).

At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 63 days.

Michigan started the year with 33% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 33% of Michigan homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Michigan started 2023 as a strong seller’s market, with an MAI score of 52; by the end of the year, the MAI had dropped to 38 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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Dave Mele exits as Homes.com president 

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Dave Mele, president of Homes.com since 2014, has left CoStar Group to pursue “an opportunity outside of the real estate industry,” he confirmed to Real Estate News on Friday.  During his tenure, Mele guided Homes.com through its acquisition by CoStar in 2021 and its emergence as a significant player in the home search market. “We […]

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Agent News

9 tips for homebuyers in non-disclosure states 

May 21, 2024By

Buying a home in a non-disclosure state presents unique challenges due to the lack of publicly available sale prices. To navigate this, work with a knowledgeable real estate professional with MLS access, research local market trends, and use online valuation tools.