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  • Michigan’s residential real estate market cooling after record extremes
    Real Estate News

    Michigan’s residential real estate market cooling after record extremes

    September 1, 2022 /

    Consequences of rising inflation, fascination fees It’s challenging for the ordinary individual to see the market place change soon after news of file large residence costs established in June, when the countrywide median sale for a one family home hit $416,000, up 13.4 p.c from a calendar year earlier. In Michigan, the average dwelling rate was $284,466, up 17 p.c from the very same month in 2021. “It’s tricky for sellers to get to that arrive-down off that superior we’ve had,” Smith said. “But to have a consumer who can snooze on (irrespective of whether they want to make an give) is a a great deal more healthy atmosphere than…

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    Jerry Schmidt Comments Off on Michigan’s residential real estate market cooling after record extremes

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