June 2025 Real Estate Market Update

June 2025 Real Estate Market Update

  • Candice Rich
  • 07/3/25

As we reach the midpoint of the year, and our wonderful Summer begins, I want to share an elevated perspective on

the latest real estate insights, market updates, buying and selling tips, and community highlights. I hope you find it valuable and enjoyable!

 

 

"I would give a thousand furlongs of sea for an acre of barren ground.”

~ Shakespeare

OAKLAND COUNTY LUXURY MARKET FORECAST

Here's a look at the May 2025 Luxury Market Report for Oakland County Michigan. It is still very much a Seller's Market here with homes selling for a median of 100% of list price and with the most active price band at $550-599,000

 

Across North America and globally, the luxury residential real estate market in 2025 has become a study in contrast. Just months ago, the luxury market seemed poised for renewed momentum as long-awaited inventory finally began to hit the market after years of shortages. But in a swift turn, rising inventory hasn’t translated into the greatly anticipated volume of increased sales.  

 

CLICK HERE TO READ FULL ARTICLE

DO YOU KNOW WHAT YOU CAN LIST YOUR HOME FOR?

 

Request A Market Valuation Here

How To Write A Winning Offer

In Today's Competitive Market

 

Writing Winning Offers In Today's Competitive Market

HOME BUYER DEMAND IS STILL HIGH

Mortgage applications for home purchases climbed to the highest level in more than a month, even as interest rates barely budged. Although this spring hasn’t been a lively home-sales period nationally—sales remain near a 30-year low—“the latest mortgage application data is clearly showing some positive encouragement,” says Lawrence Yun, chief economist of the National Association of REALTORS®.

 

CLICK HERE TO READ FULL ARTICLE

FEATURED HOMES FOR SALE

2150 Iroquois St

Detroit, MI 48201

 

Here’s something truly rare: the personal mansion of renowned architect Louis Kamper is coming to market in Detroit’s historic Indian Village. Built between 1915 and 1917, this Neo-Renaissance estate combines fireproof construction (steel, limestone, and concrete) with extraordinary design—mint-green Zodiac ceilings, a sweeping marble grand staircase, carved walnut walls, and a triple-layered entry of wrought iron, bronze-framed glass, and Chinese rosewood....

 

 

CLICK HERE FOR FULL LISTING DETAILS

 

1044 Hazel

Birmingham, MI 48009

 

Welcome to 1044 Hazel, a thoughtfully curated modern architectural masterpiece ideally located just a 5-minute walk to downtown Birmingham in the coveted Triangle District. Built by Scott Quality Homes, this four-year-new custom residence is designed to impress with its striking curb appeal and serene vibes, blending sleek sophistication with everyday functionality to create a home that captivates and is crafted to endure...

 

CLICK HERE FOR FULL LISTING DETAILS

47130 Blue Star Hwy Covert, MI 49043

 

Perfectly positioned between St. Joseph & South Haven, this beautifully updated lakefront home offers the ultimate escape on over 4 wooded acres with 180' of Lake Michigan frontage. The 4-bedroom, 3-bath home features over 2,300 sq ft of living space, including a quartz kitchen, spacious dining area, a living room with a fieldstone fireplace & panoramic lake views. 3 sets of patio doors lead to a large deck, ideal for entertaining....

 

 

CLICK HERE FOR FULL LISTING DETAILS

5781 Jasper Way 101

Naples, Florida 34112

 

NEW CONSTRUCTION at Jasper Flats!! Attached Villas - The Colorado floor plan features 1555 sq. ft. under air, estimated completion end of 2024! 3 bedrooms and 3 FULL baths, and superior standard fittings and finishes including: CBS construction, Quartz countertops standard throughout, solid wood Shaker style cabinetry, Moen plumbing fixtures, stainless steel kitchen appliances and tankless hot water heaters, luxury vinyl plank flooring standard throughout...

 

CLICK HERE FOR FULL LISTING DETAIL

2025 HELP ME WIN ROAD TO ROLEX!!

ROAD TO ROLEX COMPETITION

 

I believe this is my year to win the prestigious Christie's Elite Road To Rolex Contest so I need your help!!

 

Your referrals and business mean everything to me and I never take that for granted.

 

If you know anyone looking to buy or sell a home, please send them my way.

 

Thank you for your continued support and trust in me!

With 11 offices across the State of Michigan now, as well as a robust International network of highly vetted referral partners, remember I can assist you wherever your real estate needs may take you. 

 

Contact Me First!

 

 

Candice Rich, CNE®, CLHMS®

Global Luxury & Relocation Advisor

 

O: 248.724.6124

C: 313.218.5300

[email protected]

Candicerich.com

Facebook  Instagram  LinkedIn

As we reach the midpoint of the year, and our wonderful Summer begins, I want to share an elevated perspective on

the latest real estate insights, market updates, buying and selling tips, and community highlights. I hope you find it valuable and enjoyable!

 

 

"I would give a thousand furlongs of sea for an acre of barren ground.”

~ Shakespeare

OAKLAND COUNTY LUXURY MARKET FORECAST

Here's a look at the May 2025 Luxury Market Report for Oakland County Michigan. It is still very much a Seller's Market here with homes selling for a median of 100% of list price and with the most active price band at $550-599,000

 

Across North America and globally, the luxury residential real estate market in 2025 has become a study in contrast. Just months ago, the luxury market seemed poised for renewed momentum as long-awaited inventory finally began to hit the market after years of shortages. But in a swift turn, rising inventory hasn’t translated into the greatly anticipated volume of increased sales.  

 

CLICK HERE TO READ FULL ARTICLE

DO YOU KNOW WHAT YOU CAN LIST YOUR HOME FOR?

 

Request A Market Valuation Here

How To Write A Winning Offer

In Today's Competitive Market

 

Writing Winning Offers In Today's Competitive Market

HOME BUYER DEMAND IS STILL HIGH

Mortgage applications for home purchases climbed to the highest level in more than a month, even as interest rates barely budged. Although this spring hasn’t been a lively home-sales period nationally—sales remain near a 30-year low—“the latest mortgage application data is clearly showing some positive encouragement,” says Lawrence Yun, chief economist of the National Association of REALTORS®.

 

CLICK HERE TO READ FULL ARTICLE

FEATURED HOMES FOR SALE

2150 Iroquois St

Detroit, MI 48201

 

Here’s something truly rare: the personal mansion of renowned architect Louis Kamper is coming to market in Detroit’s historic Indian Village. Built between 1915 and 1917, this Neo-Renaissance estate combines fireproof construction (steel, limestone, and concrete) with extraordinary design—mint-green Zodiac ceilings, a sweeping marble grand staircase, carved walnut walls, and a triple-layered entry of wrought iron, bronze-framed glass, and Chinese rosewood....

 

 

CLICK HERE FOR FULL LISTING DETAILS

 

1044 Hazel

Birmingham, MI 48009

 

Welcome to 1044 Hazel, a thoughtfully curated modern architectural masterpiece ideally located just a 5-minute walk to downtown Birmingham in the coveted Triangle District. Built by Scott Quality Homes, this four-year-new custom residence is designed to impress with its striking curb appeal and serene vibes, blending sleek sophistication with everyday functionality to create a home that captivates and is crafted to endure...

 

CLICK HERE FOR FULL LISTING DETAILS

47130 Blue Star Hwy Covert, MI 49043

 

Perfectly positioned between St. Joseph & South Haven, this beautifully updated lakefront home offers the ultimate escape on over 4 wooded acres with 180' of Lake Michigan frontage. The 4-bedroom, 3-bath home features over 2,300 sq ft of living space, including a quartz kitchen, spacious dining area, a living room with a fieldstone fireplace & panoramic lake views. 3 sets of patio doors lead to a large deck, ideal for entertaining....

 

 

CLICK HERE FOR FULL LISTING DETAILS

5781 Jasper Way 101

Naples, Florida 34112

 

NEW CONSTRUCTION at Jasper Flats!! Attached Villas - The Colorado floor plan features 1555 sq. ft. under air, estimated completion end of 2024! 3 bedrooms and 3 FULL baths, and superior standard fittings and finishes including: CBS construction, Quartz countertops standard throughout, solid wood Shaker style cabinetry, Moen plumbing fixtures, stainless steel kitchen appliances and tankless hot water heaters, luxury vinyl plank flooring standard throughout...

 

CLICK HERE FOR FULL LISTING DETAIL

2025 HELP ME WIN ROAD TO ROLEX!!

ROAD TO ROLEX COMPETITION

 

I believe this is my year to win the prestigious Christie's Elite Road To Rolex Contest so I need your help!!

 

Your referrals and business mean everything to me and I never take that for granted.

 

If you know anyone looking to buy or sell a home, please send them my way.

 

Thank you for your continued support and trust in me!

With 11 offices across the State of Michigan now, as well as a robust International network of highly vetted referral partners, remember I can assist you wherever your real estate needs may take you. 

 

Contact Me First!

 

 

Candice Rich, CNE®, CLHMS®

Global Luxury & Relocation Advisor

 

O: 248.724.6124

C: 313.218.5300

[email protected]

Candicerich.com

Facebook  Instagram  LinkedIn

Work with Candice

EXPERIENCE LUXURY SERVICE WITHOUT COMPROMISE Candice is a Top Producing Realtor, a skilled negotiator, and a former private practice Accountant. Her dedication to helping her clients achieve all their real estate needs is proven in her results.