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February 16, 2023

Days On Market far less this year in Wayne County vs. last year

Mohamed Sobh

Wayne County, Michigan

In 2018, after retiring from the City of Dearborn Heights as the building director, Mohamed decided to go back to the field as an appraiser conducting property assessments in the southern part of Michigan, mainly Wayne County.

“I like travelling to different areas and helping people get fair value for their properties,” says Mohamed.

Mohamed enjoys his work and approaches each file with a high degree of professionalism.

“Being a professional means treating everyone equal, regardless of their background.”

In the Wayne County marketplace, there are many new construction initiatives underway the majority of which are older homes that have been purchased to be remodeled.

“Many small homes are being bought and demolished to construct new, larger homes,” says Mohamed.

Home prices have not changed much since last year, and any variation in price depends on factors such as age, Gross Living Area (between 800 to 3,500 sq. ft.) and location. One thing that has changed is DOM (Days on Market).

“Due to low housing inventory, the average DOM in today’s market is far less than what it was last year,” says Mohamed. In other words, in Wayne County they have low inventory and high demand.

Michigan Wayne County

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About Mohamed Sobh

Mohamed Sobh has been a licensed independent appraiser since 1999. He brings a wealth of experience to each assignment, having also served as the building director for the City of Dearborn Heights in Michigan for over 19 years where he worked hard to help the community in any way he could.

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