We’re seeing some movement in the market: new single-family home sales climbed 6.4% in August, reaching a 684,000 annual rate. While that’s a bump from the previous month, sales are still 2% lower than this time last year. Inventory is holding steady at 483,000 units, which amounts to an 8.5-month supply—a figure I keep a close eye on for my clients. The median price inched up to $393,700, but that’s actually down 5.8% compared to last year. Navigating these shifts—especially with ongoing affordability concerns—requires careful attention to both market data and the personal needs of each buyer or seller. After helping hundreds of families across Oxford, Lapeer, Lake Orion, and the surrounding Michigan communities, I know how important it is to stay informed and prepared for every turn in the market.
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