In July, HomeGain, one of the first companies to provide free instant home valuations online, released the second quarter results of our nationwide survey of over 3500 home owners and 900 HomeGain members. The  home values survey asked real estate professionals their opinions on home values and what they thought of  Obama’s performance as President. On the HomeGain blog we published the complete 2nd quarter 2010 national results as well as the complete 2nd quarter 2010 regional results, including commentary from real estate agents and brokers.

Recently, we published the results of the 2nd quarter 2010 Texas home prices survey, Florida home prices survey, California home prices survey, New York home prices survey, New Jersey home prices survey, Illinois home prices survey, Georgia home prices survey, North Carolina home prices survey, Massachusetts home prices survey, Virginia home prices survey Colorado home prices survey,  Nevada home prices survey, Washington home prices survey and Maryland home prices survey results.

Today we are releasing the Michigan home values survey results.

Set forth below are the agents and brokers second quarter 2010 Michigan and the national second quarter 2010 data. Also set forth below for selected questions is the Michigan home owner response data for the second quarter of 2010. Click on each question to see complete results:

1. On average, what do homeowners believe that their home is worth?
2. How do buyers feel that homes for sale are priced?
3. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
4. What is the average difference in price between what a home is listed at and what a home sells for?
5. In the next six months, will the values of homes in your market increase, decrease or stay the same?
6. What percentage of homes for sale are foreclosures in your area?
7. What is the average home price in your area?
8. What percentage of your clients are first-time buyers?
9. How do you think Barack Obama is performing in his role as President?

Question 1:

Question 2. On average, what do your homeowner clients believe that their home is worth?

Question 3. How do your home buyer clients feel that homes for sale are priced?

Question 4. What is the average difference in price between what sellers believe their home to be worth and the amount at which you eventually list the house?

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Question 5. What is the average difference in price between what the home is listed at and what the home sells for?

* Dash denotes no related data

Question 6:

Question 7. What percent of homes in your area are foreclosures?

Question 8. What is the average home price in your area?

Question 9:

* Dash denotes no related data

Question 10:

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See National and Regional Survey Results

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Louis Cammarosano

homegain.com