National Housing Surge: 500,000 More Homes Than Buyers, Is Michigan Next?(2 min read)

The U.S. housing market just hit a major turning point: there are now nearly 500,000 more homes for sale than there are buyers, marking the widest gap since 2013 (Redfin). That’s a 33.7% inventory surplus nationwide. And with mortgage rates hovering near 7% (Reuters), many buyers are stepping back, waiting to see where the market goes next. But here in Southeast Michigan? We’re playing by a different set of rules…for now. 

 In Livingston County, homes are still selling quickly and demand remains strong:

Median Sale Price (Livingston): $385,427

Days to Pending: 7

Inventory Growth (Howell): Up 23.3% month-over-month
(Rocket Homes Market Report)

Housing market data for Livingston, Oakland, Washtenaw, and Genesee counties compared to the national average.

 Other counties in our region reflect similar competitiveness:

Even as national buyers hesitate, local markets are still moving—and fast.

 So what does this mean for you? 
As a buyer, you might hear “more inventory” and think you’ve got time. But here in Michigan, hesitation could cost you. Be pre-approved, know your budget, and be ready to write a strong, clean offer when the right home comes along. 

Thinking about selling? If you’re in Livingston or Washtenaw, you’re still in a strong position. Buyers are showing up for well-priced homes, and often writing offers within days. Pricing correctly and preparing your home matters more than ever.

This market rewards readiness. It doesn’t have to be stressful, but it does have to be strategic.

 Let me ask you this, if the perfect home hit the market tomorrow, would you be ready or would you still be waiting for the ‘right time’? Have you had thoughts about selling your home? What it would take for you to take the next steps? We'd love to hear from you.