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Southwest Michigan sees record home prices, averaging $408,000, up 20% year-over-year, due to low inventory.
Home prices in Southwest Michigan hit record highs in November, with the average selling price at $408,000, a 20% increase from last year.
Despite more homes being sold and available, a lack of inventory in desirable areas is pushing buyers to look farther.
Builder focus on higher-end homes due to current demand may shift to more affordable options as high-priced units sell out.
The market is slowing but not shrinking.
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Southwest Michigan ve precios récord de la casa, con un promedio de $408,000, un aumento del 20% año tras año, debido a un bajo inventario.