Strong Southeast, Michigan Showings Indicate Sustained Demand
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Despite inventory and affordability challenges, buyers remain vigilant in searching for their new home. In the past four weeks, overall showings across Michigan markets were up 19% compared to the same time last year. In the upper-end markets, the jump in activity is even greater—up 49% in the over-$750k market. In Southeast Michigan, 51% of May closed sales were above full asking price, while another 15% were full price. Despite the challenges, buyers continue to wait and compete for move-in-ready homes.
