Welcome to The Luxury Briefing - an editorial spotlight on what's shaping today's high-end real estate and lifestyle trends.
In Birmingham, Bloomfield Hills, and the surrounding luxury suburbs of Oakland County, the answer isn’t one-size-fits-all—but this question comes up often—especially from homeowners who’ve been watching the market for a while:
Should I sell now, or wait?
In Birmingham, Bloomfield Hills, and the surrounding luxury suburbs of Oakland County, the answer isn’t one-size-fits-all—but the data tells a compelling story.
Inventory Remains Historically Low
In both Birmingham and Bloomfield Hills, inventory remains tight. Many would-be sellers are sitting on low-interest-rate mortgages, which has kept new listings from flooding the market. This low supply continues to support pricing, especially in highly sought-after neighborhoods.
In recent months:
- Well-prepared, properly priced homes are moving quickly
- Bidding wars are still happening—particularly in Birmingham’s walkable pockets and Bloomfield Hills' private estate communities
- Buyers relocating from out of state are fueling continued demand, especially in the $1M–$3M range
Serious Buyers Are Still Active
Even with interest rates fluctuating, serious buyers—particularly those paying cash, leveraging equity, or relocating—are not hesitating on the right properties.
Many are:
- Downsizing or right-sizing
- Moving closer to town centers, schools, or clubs
- Seeking newer construction or modern updates within established communities
Neighborhood-Specific Activity
What’s happening in the market isn’t just about Oakland County at large—each neighborhood is behaving a little differently.
- In Birmingham, updated properties within walking distance to town remain in high demand. Inventory is tight, and buyer competition remains strong, particularly in the $900K–$2M range.
- In Bloomfield Hills, estate homes and gated community properties are seeing longer days on market unless priced with precision. However, there is still strong demand for turnkey, luxury homes with updated amenities and privacy.
What Sellers Should Consider Now
If you're a homeowner in either Birmingham or Bloomfield Hills and you're considering a move—whether due to downsizing, relocating, or changing lifestyle needs—now may be an ideal time to explore your options before more inventory hits the market this fall.
What matters most is:
- Strategic pricing
- Refined presentation
- Neighborhood-specific positioning
- And most importantly—working with someone who understands the nuances of this market on a street-by-street level.
Want a Data-Driven Pricing Opinion?
I offer discreet, insign-driven pricing evaluation tailored to your home, neighborhood, and timing. Whether you're preparing to sell this season or simply exploring options, contact me. No pressure, just perspective.
Click here to receive a complimentary pricing opinion https://candicerich.com/home-valuation