09/02/2026
📊 AUGUST MARKET UPDATE
September is here and the updated, year to date through August 2026, market stats are in! What do these numbers actually mean for you? The numbers are on the graphics—but they don't tell the whole story.
🏡 FOR SELLERS:
Today’s market is putting more emphasis on pricing correctly from the beginning. Buyers have more options as inventory grows, and they’re paying attention to condition, value and how a home compares to the competition. Homes can and are absolutely still selling well, but simply putting a home on the market and waiting for an offer isn’t a strategy.
The gap between average list price and average sale price is also an important reminder: the price a home is listed for isn't necessarily what the market believes it's worth. Proper pricing, preparation and marketing matter.
🔑 FOR BUYERS:
More time on market can create something buyers haven't always had much of in recent years: room to be thoughtful. Depending on the property and location, there may be opportunities to negotiate price, repairs, concessions or other terms—but that doesn't mean every seller is going to negotiate.
A well-priced, desirable property can still move quickly, so being prepared matters just as much as it did before.
The biggest takeaway?
There isn't one “Michigan real estate market.” Even within the counties I serve, we're seeing different price points, selling timelines and list-to-sale relationships.
That's why I don't believe in giving buyers or sellers advice based solely on national headlines—or even countywide averages.
Your market is your location + your price range + your property type + your competition.
That's the market we should be analyzing when you're making a real estate decision.
Curious what the numbers look like specifically for your home or the type of property you're hoping to buy? That's a conversation I'm always happy to have. 💙
