Market Rewards Well-Prepared Listings The Southeast Michigan housing market continues to settle into a healthier, more balanced pattern. Buyer activity remains strong, with new pendings rising 3% year-to-date despite new listings trailing last year by 6%. While closed sales remain slightly below 2025 levels, higher…
Selective Buyers Shape the Market The Southeast Michigan market continues to follow the same pattern from earlier this year—buyer demand remains solid, but inventory is slowly rebuilding as listings that don’t sell immediately are staying on the market longer than in previous years. Showings across…
Inventory Builds as Spring Market Takes Shape The Southeast Michigan housing market is moving into spring with many of the trends from earlier in the year still in place, now forming a clearer pattern. Compared to recent years, inventory has continued to rise, even as…
Growing Inventory Despite Fewer New Listings Inventory continues to rise, even as fewer new listings are coming to market. Active listings are up 21% compared to a year ago, increasing from 5,300 to 6,500. At the same time, monthly new listings have declined year-over-year each…
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…