Southeast Michigan 2024 Housing: Trends and Predictions
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Through the first half of 2024, expect demand to continue to outweigh supply. However, as the year progresses, expect to see inventory gradually rise into a more balanced position as [...]
’23 Market Summary and ’24 Predictions
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After a few years of supply shortages, inventory began to return to more normal levels in the second half of 2023. Demand remains strong and buyers continue to wait for [...]
Washtenaw County Looking Ahead to 2024
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DEMAND Since July nearly 65% of all closed sales have been at or above asking price. Buyers continue to compete for listings—a strong indication that demand for quality listings continues [...]
Northwest, MI Looking Ahead to 2024
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DEMAND As late as November, nearly half of all closed sales have been at or above asking price. Buyers continue to compete for listings—a strong indication that demand for quality [...]
Southeast, MI Looking Ahead to 2024
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DEMAND As late as November, 55% of all closed sales have been at or above asking price. Buyers continue to compete for listings—a strong indication that demand for quality listings [...]
Shift Toward Cash Transactions
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In recent years, the real estate market has experienced a noticeable shift with an increase in the percentage of cash sales. This trend has been particularly evident in Metro Detroit [...]
Northwest, Michigan YTD Sales and Prices
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2023 vs. 2022 and Pre-Pandemic 2019 Waterfront Sales of waterfront properties have declined by 8% compared to last year, and range between a 25% to 30% decline when compared to [...]
Washtenaw Buyers Remain Determined Despite Challenges
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Buyers continue to grapple with higher interest rates, prices, and taxes, in addition to facing depleted and picked-over inventory. Since the best new listings sell quickly, the remaining listings on [...]
Southeast, Michigan Buyers Remain Determined Despite Inventory Challenges
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Buyers continue to face depleted and picked-over inventory. Post-pandemic inventory levels have dramatically dropped since 2019. The inventory levels on October 1st are down by 28% compared to last year [...]
Signs of Resilience Amid Inventory Challenges
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As we transition from summer to fall, the Southeast Michigan real estate market shows signs of both resilience and evolution. August’s data brings a mixed bag of trends that indicate [...]
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