REAL ESTATE MARKET UPDATES
October ’25 Market Report
Rising Inventory, Softer Showing Activity As we move into the fourth quarter, it’s normal to see sales activity ease and new listings taper off. What’s different this year is that inventory has climbed higher than we’ve seen in quite some time. Inventory As of September…
September ’25 Market Report
Second Half Market Settling The Southeast Michigan housing market is entering fall with mixed signals, pointing toward a gradual cooling but continued strength in values. Through August, sales are down 1% compared to 2024, while new listings slipped 6%. Inventory is up 10% year-over-year, but…
August ’25 Market Report
Heading Into Fall: Strong Buyer Interest, But More Selective Market Through the first seven months of 2025, Southeast Michigan sales volume is essentially flat compared to last year, with closings down 2% but average sale price up 5%. Beneath those headline numbers, though, the underlying…
July ’25 Market Report
Halfway Through 2025 Moving Toward Balanced Market As we pass the midpoint of 2025, Michigan’s housing markets—whether you’re in the heart of Southeast Michigan, the Washtenaw County area, or the seasonal landscapes of Northwest Michigan—are showing signs of subtle but important shifts. Across all three…
June ’25 Market Report
New Listing Outlook and Implications What Buyers and Sellers Can Expect from Inventory in the Months Ahead As we move past the spring peak, market activity across Southeast Michigan is beginning its seasonal transition. For both buyers and sellers, understanding what lies ahead in terms…
May ’25 Market Report
Place Your Offer The horses weren’t the only ones running in May. Across many Michigan markets, hot new listings are “coming soon” by Tuesday, hitting the market for showings on Friday, holding open houses over the weekend, and collecting “highest and best” offers by Monday.…
April ’25 Market Report
First Quarter Highlights The Southeast Michigan housing market continues to show resilience as we move through the early months of 2025. Despite ongoing economic noise and cautious consumer sentiment, buyer activity has remained strong relative to supply. Year-over-year, closed sales dipped 5% in the first…
March ’25 Market Report
Michigan Property Taxes Overview Michigan property taxes can change dramatically after a home sale. The post-pandemic market brought rising inflation and property values, triggering a key limit in Michigan’s tax law. In 2023, inflation hit 7.9%, and for the first time, the full 5% cap…
February ’25 Market Report
Will Market Patterns Repeat in 2025? Every year, we’re bombarded with headlines warning how rising interest rates, inflation, property taxes, or new regulations will wreak havoc on the housing market. Yet, despite the challenges of the past few years, Southeast Michigan’s market has held…
January ’25 Market Report
Tight Supply Continues to Limit Sales While inventory is expected to slowly rise in 2025, January begins with fewer listings than last year. Shortages of quality listings will continue to restrict sales. Inventory continues to impact sales and prices in Southeast Michigan. Historically, supply levels…