09/04/2026
š” Michigan buyers have MORE options right now ā but thereās a catch.
Statewide inventory just climbed to 28,848 homes, which is up 12.5% from this time last year. Thatās the biggest year-over-year inventory gap weāve seen all summer. š
What does that mean?
š BUYERS: You have roughly 12% more homes to choose from than you did a year ago, which means more selection and potentially more negotiating power.
š·ļø SELLERS: You also have roughly 12% more competition. Pricing your home based on what the market looked like even a few months ago could cost you.
The interesting part? Buyers are gaining leverage when it comes to selection, while affordability and monthly payments are still creating challenges.
More homes. More competition. More reason to have a solid strategy on BOTH sides of the transaction.
Metro Detroit real estate is changing ā and Iām watching the numbers so you donāt have to. š
