04/16/2026
MICHIGAN MARKET RESEARCH (April 2026)
Median home price: $252k-$272k
Inventory: Rising — 25,600 homes for sale
Market type: Shifting toward balanced — sellers losing leverage, buyers becoming more selective
Days on market: Increasing
Sales volume: Down 11.8% — fewer transactions, buyers are choosy
Appraisals: Major 2026 pain point nationally — deals falling apart on appraisal gaps, not pricing.
Investor activity: DSCR loans growing in popularity for Michigan rental properties
Mortgage rates: ~6.15-6.68% (trending down)