This super simple chart explains exactly why the Royal Oak housing market (and the rest of SE MI) is a crazy sellers market right now.
(Scroll down to get your home value and also a bonus data set listing every single banned vanity license plate in Michigan!)
You may already be aware that home prices are rising like crazy and homes are selling fast, but I wanted to see the actual data. So I pulled the data from the MLS and plotted it below, because I am a data nerd. The orange line is cumulative days on market, the blue line is the number of active listings and the green line is the average sales price. As the housing supply (active listings) starts dropping steeply in 2015, we see that houses sell faster (days on market), and price goes up! So if you've been thinking about selling, now is the time!