There’s been no slow down in real estate pricing during February 2022 for the five county area of Michigan.
There were fewer sales, fewer days on market, and higher average, median, and total sales when comparing February 2022 to February 2021. The good news is inventory has not dropped too much to meet the demand. There were 148 listings in February 2022, down 14% from last February listings of 172.
Every County experienced a higher sales volume, except Kalkaska county. Their total sales, volume, average and median prices were down from February 2021.
Leelanau saw the greatest percentage increase in dollar volume, average price and median price.
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