West Bloomfield home shoppers have more listings to choose from than a year ago, while a new Redfin report shows sellers outnumbering buyers across much of the country.
West Bloomfield Township had 335 active listings in September, up 17.49% year over year, according to Realtor.com. Homes spent a median 36 days on the market.
That does not necessarily mean sellers have lost the upper hand locally. Realtor.com classified the township as a seller’s market in September and reported that homes sold for approximately their asking price on average.
The broader picture is different. Sellers outnumbered buyers by 37.9% in Redfin’s Detroit market in September, with an estimated 7,102 sellers and 5,152 buyers, according to the company’s report.
That gap narrowed from 46.5% in August. Detroit and St. Louis were the only buyer’s markets in the analysis where the seller surplus shrank month over month.
Redfin separately reported 10,069 sellers and 6,844 buyers in its Warren market, a seller surplus of 47.1%, up from 27.3% in August. Those regional estimates are not counts for West Bloomfield itself.
Nationwide, there were 62.6% more sellers than buyers in September, the widest gap in Redfin’s records dating to 2013. Forty-one of the 50 major markets analyzed qualified as buyer’s markets, Patch reported.
The leverage comes with a caveat.
“This is a buyer’s market born out of caution, not strength,” Redfin senior economist Asad Khan said in the report. He attributed the imbalance to high housing costs and economic uncertainty keeping prospective buyers out of the market.
In West Bloomfield, Zillow’s typical home-value estimate reached $455,559 as of Sept. 30, up 2.6% year over year, according to Zillow. Its comparison tool listed Oakland County at $365,826 and the national figure at $366,157. These are estimated home values, rather than prices paid in completed sales.
Redfin estimates buyer activity using proprietary showing-to-closing data alongside listings and pending sales. Its seller estimate counts active listings. The figures are seasonally adjusted and subject to revision, according to its methodology.







