The summer of 16' has followed the same trends as the winter and spring, with inventories remaining tight across all markets under $500,000, particularly in the $100,000-$250,000 segments. Sales are up in most markets above $100,000, as are new listings entering the market, which might start to give some relief to buyers frustrated with their home search.  About one third of homes sold were on the market for 10 days or less, while the majority of homes (50%) remained for 30 days or less.

Homeowners in SE Michigan have more jobs, money, and equity in their homes than they have had in 10 years, and many who had been financially locked into homes which no longer suited their needs, are now free to move.