We’ll discuss the Michigan real estate market trends and forecast for 2020 as well as list the 5 best cities for you to consider investing in according to Mashvisor’s data and predictive analytics. Let’s get started. The median listing price per square foot was $320. Real estate sales are happening at a frenzied pace across Michigan. That's not true in every community. The forecast anticipates mortgage rates will begin slowly going up toward the last half of 2021, reaching 3.4% by the end of the year. Most Current Statistics Available. Michigan uses RealtyTrac to find real estate market statistics in your local area. The coronavirus pandemic that took over much of 2020 led to some unexpected outcomes in the housing market.After a brief initial period of low activity in home sales, homebuyer activity vastly outweighed available homes throughout much of the U.S. for the remainder of the year as people sought more space, ideal home features and affordability. See more real estate market trends for Macomb. With so much that happened across the country, you might be wondering how it’ll impact real estate trends in 2021. Detroit Real Estate Market Trends & Statistics 2021 In this section, you’ll learn about the top three factors that make Detroit one of the strongest real estate markets today, including affordable home prices, strong monthly rental income, and equity growth potential. Michigan Real Estate Market Trends & Analysis The Michigan real estate market has recovered at a slower pace than the rest of the country. Michigan Realtors® gathers and provides the latest industry data. Michigan Real Estate Market was ranked 36th out of the 51 real estate markets of all 50 U.S. States and the District of Columbia. December 2020 ; Interested in obtaining more statistics and speaking with a contact by specific city or region? There are 371 homes for sale in Macomb with a median price of $341,910, which is a decrease of 2.3% since last month. While the pandemic did disrupt home sales in the spring of 2020 (which is usually considered the hottest season for real estate), the market quickly made an impressive rebound. So Michigan performed better in the Last Quarter than 30% of these 51 real estate markets. Michigan was in the 30th percentile. Real estate information on statistics by estimated market values, bedrooms, bathrooms and year built. Wow, 2020 was a challenging year. Part 3: MARKET HIGHLIGHTS 4th Quarter, 2018 Housing Statistics: Michigan In this blog, we break down why the housing market in Michigan is a great place for buying rental properties. We recommend that you view our Local Boards & Associations Directory below and contact the office closest to your area of interest: Birmingham, MI Housing Market In December 2020, the median list price of homes in Birmingham, MI was $749K, trending up 18.9% year-over-year. Mortgage rates …

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