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Housing Report | May 2021

Inventory levels are now rising in most markets, but about half of what they were a year ago. Increasing numbers of monthly new listings are fueling additional new pending and closed sales.

Any buyers or sellers who are thinking of moving in the next few years may want to make their move sooner as opposed to waiting. Interest rates, prices and tax assessments are all lower today than they will be in the near future. The financial advantage of capping their assessment this year instead of letting it rise with values another year cannot be overstated.

View the Housing Report for Southeast Michigan, May 2021