Buying A Home In Michigan Link

: The statewide median home price has climbed to approximately $275,000 , reflecting a steady year-over-year increase of about 3.8%. While rising, Michigan remains a "relative bargain" with prices roughly 37% below the national average.

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Housing dynamics vary significantly across the "Mitten State": : The statewide median home price has climbed

: Active listings have increased by approximately 14% year-over-year , rising from 18,000 to roughly 23,000 homes. However, the state still has only about 2.5 months of supply, well below the 5–6 months required for a fully balanced market. rising from 18

: Historically, listing prices are lowest in January and February , while inventory peaks in the spring and summer.