Michigan Property Taxes Explained When a home sells, the new owner’s property taxes often increase dramatically. When buying, don’t rely on the previous owner’s taxes when budgeting for future years. In estimating taxes for the year following the sale, multiply the property’s State Equalized Value…
Southeast Michigan 2025 Review Southeast Michigan closed out 2025 with sales activity essentially even with 2024, but with continued price growth and higher overall dollar volume. Closed sales slipped just 1% year over year, while average sale price rose 5% and price per square foot…
Why Inventory is Rising Despite Fewer Listings If you’ve been following the housing market, you may have noticed that more homes are available for sale now than a year ago — even though fewer new listings are coming on the market and sales activity has…
SE MI Market: Solid and Steady The Southeast Michigan market continued its gradual path toward normalization through October, with seasonal cooling in new listings and pendings but solid pricing and stable year-to-date performance. While activity has leveled off since mid-summer, the broader 2025 trend for…
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…
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…
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…
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…
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…
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.…