Low Housing Inventory Slows Southwest Michigan Market | News
Demand for Southwest Michigan homes has peaked as the number of households for sale has fallen.
According to a report from the Southwest Michigan Association of Realtors, February saw a double-digit decline in the number of homes sold, both year-over-year and month-over-month. Only 168 homes were sold in February, down 16% from February 2021 and down 20% from January 2022.
kAm%96 >[email protected]?E9D @7 a_aa [email protected]>A2C65 [email protected] E96 7:CDE [email protected] >@?E9D @7 a_a`]k^Am
kAm“[email protected] |:49:82?’D [email protected]:?8 >[email protected]:[email protected]@7 [email protected] [email protected] D2=6[” D2:5 p=2? y677C:6D[ [email protected]:2E:@? 6I64FE:G6 [email protected] E96 [email protected] |:49:82? [email protected]:2E:@? @7 #[email protected]]k^am
kAm%96 :[email protected] @7 [email protected] [email protected] D2=6 D2E 2E ;FDE 2 [email protected]>@?E9 DFAA=J 3J E96 6?5 @7 u63CF2CJ – 2 [email protected] = @H](:E9 cg_ [email protected]>6D @? E96 >2CA2C:[email protected]?[ 😕 u63CF2CJ a__h[ E96C6 H6C6 b[_hh [email protected] [email protected] D2=6]k^am
kAm“%9:D =6G6= D6E 2 ? [email protected]>6 [email protected] [email protected] 3FJ6CD D62C49:?8 =:DE:?8D [email protected] D2=6 [email protected] p==682?[ q6CC:6?[ r2DD 2?5 E96 H6DE6C=J [email protected]:C5D @7 ‘2? qFC6? [email protected]?E:6D[” D2:5 y677C:6D]k^am
kAm%96 D42C4:EJ 92D DF3D6BF6?E=J AFD965 AC:46D 6G6? 9:896C]u63CF2CJ D6E [email protected] [email protected] [email protected] 2G6C286 2?5 >65:2? D6==:?8 AC:46D[ 2?5 E96 [email protected] D6==:?8 AC:46D H6C6 E96 9:896DE D66? D:?46 a__e]k^am
kAmx? u63CF2CJ[ E96 2G6C286 D6==:?8 AC:46 H2D Sbac[_af [email protected]>A2C65 [email protected] Saed[gha 😕 u63CF2CJ a_a`[ FA aa A6C46?E] *[email protected][ E96 2G6C286 D6==:?8 AC:46 ;F>A65 `_ A6C46?E WSb“[acb GD] Sagc[_haX]k^am
kAm%96 >65:2? D6==:?8 AC:46:? u63CF2CJ a_aa :?4C62D65 `g A6C46?E [email protected]> S`h`[___ 😕 u63CF2CJ a_a` [email protected] Saac[cd_] *[email protected][ E96 >65:2? D6==:?8 AC:46 [email protected] 4=:>365 [email protected]> S`hd[fd_ [email protected] Sa`d[___ – >2C<:?8 2 `_ A6C46?E [email protected]]k^am
kAm%96 uC655:6 |24 >@CE8286 C2E6:? u63CF2CJ H2D b]gh[ FA [email protected]> b]not a word 😕 y2?F2CJ [email protected] 2 b_J62C [email protected]?G6?E:@?2= >@CE8286]p J62C [email protected][ E96 C2E6 H2D a]hf]k^am
k9cm}2E:@?2= EC6?5Dk^9cm
kAm}2E:@?2==J[ 6I:DE:?8 [email protected]>6 D2=6D 76== [email protected] [email protected]> y2?F2CJ 2?5 =2DE J62C]k^am
kAm“[email protected]:?8 [email protected]:=:EJ [email protected]?E:?F6D [email protected] 36 2 >2;@C 492==6?86[ 2D 3FJ6CD 2C6 86EE:?8 2 [email protected]=6 H92>>Ji C:D:?8 >@CE8286 C2E6D 2?5 DFDE2:?65 AC:46 :?4C62D6D[” D2:5 {2HC6?46 *F?[ }2E:@?2= [email protected]:2E:@? @7 #[email protected]’ 49:67 [email protected][email protected]>:DE] “[email protected]>6 [email protected] 925 AC6G:@FD=J BF2=:7:65 2E 2 b A6C46?E >@CE8286 C2E6 2C6 [email protected] [email protected]?86C 23=6 [email protected] 3FJ 2E E96 c A6C46?E C2E6 ]”k ^ I am
kAm%96 >65:2? 6I:DE:?8 [email protected]>6 AC:46 [email protected] 2== [email protected]:?8 EJA6D:? u63CF2CJ H2D Sbdf[b__[ FA `d A6C46?E [email protected]> =2DE J62C] %9:D >2C
kAmtI:DE:[email protected]>6 D2=6D:? E96 |:5H6DE 76== “ A6C46?E [email protected]> y2?F2CJ[ [email protected] 2? 2??F2= C2E6 @7 `]b > :== :@ ? 😕 u63CF2CJ[ 2 `]d A6C46?E 564C62D6 [email protected]> u63CF2CJ a_a`]k^Am
kAm%96 >65:2? AC:46: ? E96 |:5H6DE H2D Sacg[h__[ 2 f]d A6C46?E:?4C62D6 [email protected]> u63CF2CJ a_a`]k^Am
kAmu:CDEE:>6 3FJ6CD H6C6 [email protected]?D:3=6 [email protected] ah A6C46?E @7 D2=6D 😕 u63CF2CJ[ FA [email protected]> af A6C46?E 😕 y2?F2CJ 2?5 [email protected]? [email protected]> b` A6C46?E 😕 u63CF2CJ a_a`] %96 2??F2= D92C6 @7 7:CDEE:>6 3FJ6CD H2D bc A6C46?E]k^Am
kAmx?5:G:5F2= :[email protected] @C [email protected][email protected]>6 3FJ6CD[ [email protected] >2<6 FA >2?J 42D9 D2=6D[ AFC492D65 `h A6C46?E @7 [email protected]>6D 😕 u63CF2CJ[ [email protected]? [email protected]> aa A6C46?E 😕 y2?F2CJ 3FE FA [email protected]> `f A6C46?E 😕 u63CF2CJ a_a`]k^am
kAm}2E:@?2==J[ E96 [email protected]= [email protected]:?8 :[email protected] 2E E96 6?5 @7 u63CF2CJ [email protected]=65 gf_[___ F?:ED[ FA a]c A6C46?E [email protected]> y2?F2CJ 2?5 [email protected]? `d A6C46?E [email protected]> @?6 J62C [email protected][ H96? :E H2D 2E `]_b > :== :@ ? F?:ED][email protected]=5 :[email protected] D:ED 2E 2 `]f>@?E9 DFAA=J 2E E96 4FCC6?E D2=6D A246[ FA [email protected]> E96 [email protected][email protected] DFAA=J 😕 y2?F2CJ @7 `]e >@?E9D 2?5 [email protected]? [email protected]> [email protected] >@?E9D:? u63CF2CJ a_a`]k^Am