How Competitive is the Michigan Housing Market?

According to a real property company, home costs in Michigan have been up 7.7% year-over-12 months in July. The median charge turned into $256,600. In general, the variety of houses offered turned down 13.3% year over 12 months and there have been 11,395 houses offered in July this 12 months, down from 13,145 houses bought in July closing 12 months. The median days available in the marketplace turned into sixteen days, up 1 year over 12 months. In July 2022, 49.9% of houses in Michigan offered under listing charge, down…