January 2025 Housing Report

I hope you’ve gotten off to a great start in 2025.  Are you thinking of buying or selling a home this spring? I think this report will help buyers and sellers decide what questions they have about their potential action plan. And I am here to help map out your plan, be it this year ,next year or further down the road.

The report I am sharing has details about 2024 as well.

Our Southeast MI market finished last year slightly ahead in sales and up 9% with prices. Although the Washtenaw and NW markets fell short on sales compared to 2023, they were up between 5% and 9% in both average sale price and price per square foot. 

We’re expecting 2025 trends to look much like 2024’s. Although inventory levels are expected to slowly rise, buyers will continue to sift through lots of properties that don’t measure up before battling for a great new listing which does.

Demand that was supercharged by the pandemic remains strong but it’s normalizing over time. Knowing your numbers and shifting market trends will help buyers and sellers have an edge on the competition.

Buyers might also consider building new. Here are some of the pros and cons about building please keep in mind that the pros and cons are what we are looking at and that they can apply to all areas. 

Sellers might want to consider staging their home to be competitive with other sellers. And a cool fact about staging

Have a prosperous 2025!