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Housing Report | July 2021

The market showed signs of slowing down earlier and longer for the 4th of July holiday. With the help of fresh new listings, it is back on track with weekly new pendings and closed sales outpacing 2019 and running close to last year’s big bounce numbers after the markets reopened.

Growing inventory levels should be making it easier for first-time and entry-level buyers to find homes, but rising prices, property taxes and inflation will continue to push them further from reach. These buyers should act quickly before their targets move out of range.

View the Northwest Michigan Housing Report for July 2021