Market Watch Newsletter
May 2025
Regional Market Trends
In today’s fast-paced real estate environment, understanding key market indicators is essential for making confident, informed decisions—whether you’re buying your first home or preparing to sell. Here’s a breakdown of the most important trends we’re seeing across the market and what they mean for you:
Low Inventory = Strong Seller’s Market
The Months Supply of Inventory across many areas is sitting between 1.4 and 2.5 months, indicating a strong seller’s market. This metric represents how long it would take to sell all available homes at the current sales pace. A lower number means demand is outpacing supply—good news for sellers, but a challenge for buyers who may face more competition.
Inventory Shifts Indicate Market Trends
The 12-Month Change in Inventory varies by region. Some areas are seeing an increase in available homes, suggesting the market may be gradually balancing. Others still show a decrease, indicating tightening conditions and continued competition.
Homes Are Selling Quickly
Median Days on Market remains low in many regions—ranging from as little as 5 to 22 days. This means homes are moving fast, and buyers need to act quickly when they find the right property. For sellers, this is a signal that well-priced homes in good condition can sell in a matter of days.
Strong Sold-to-List Price Ratios
The Sold to List Price Percentage often ranges between 96% and 100.3%, showing that homes are selling very close to their asking prices—sometimes even above. This reflects high buyer demand and limited room for negotiation, reinforcing the importance of competitive, data-driven pricing strategies.
Median Sold Prices Provide Market Benchmarks
Median Sold Prices across the examples range from $157,000 to $225,000, offering a general sense of current market values. While these figures will vary by location and property type, they serve as a helpful benchmark for both buyers and sellers evaluating fair market value.
What This Means for You
Sellers: These trends indicate favorable conditions. With high demand, limited inventory, and homes selling near or above list price, now may be an excellent time to list—especially with professional marketing and accurate pricing.
Buyers: Be prepared to move quickly and possibly face multiple-offer scenarios. Partnering with an experienced agent and being pre-approved can help position you competitively in a fast-moving market.
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3 Bedrooms | 2 Bathrooms | 1,755 Sq. Ft.1324 E. Munger Road, Munger, MI - $189,900
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3 Bedrooms | 2 Bathrooms | 1,910 Sq. Ft.5547 Circle Drive, Standish, MI – $269,999
2 Bedrooms | 1 Bathroom | 858 Sq. Ft.5378 E 14th Street, Au Gres, MI – $193,000
3 Bedrooms | 1 Bathroom | 1,118 Sq. Ft.1828 Ring Street, Saginaw, MI – $83,000
3 Bedrooms | 1 Bathroom | 1,092 Sq. Ft.6420 Zelma Street, Oscoda, MI – $179,900 (Pending)
2 Bedrooms | 1 Bathroom | 1,127 Sq. Ft.3528 Henderson Lake Road, Prescott, MI – $149,900 (Pending)
3 Bedrooms | 2 Bathrooms | 1,551 Sq. Ft.501 Stanton Street, Bay City, MI – $82,500 (Sold)
3 Bedrooms | 1 Bathroom | 1,008 Sq. Ft.627 N Webster Street, Saginaw, MI – $58,000 (Sold)
3 Bedrooms | 1 Bathroom | 1,026 Sq. Ft.
For more details or to schedule a showing, visit Bay Realty Michigan.
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