Michigan Real Estate

The recovery of Michigan's economy continues to be weak, however there are some positives to be seen. Even though there hasn't been significant improvement in all areas of the employment industry, there have been gains in the furniture industry and labor force and the auto sector and its related industries.

One of the most popular college towns in the nation, Ann Arbor, Michigan, continues to attract people with a knack to provide city culture at a small town pace. Ann Arbor is surrounded by a diverse landscape of rivers, farmland, interstate, and small communities. Though it is often thought of as just a small college town, Ann Arbor offers all of the culture and amenities of big city life without the over-crowded, hectic lifestyle. Ann Arbor is experiencing a spring like market, with sales of both new and existing homes starting to take off. Sales of homes under the $300,000 range are in great demand. Strong sales of Michigan real estate are being reported in all price ranges.

Michigan lake towns such as Traverse City, Waterford, and Whitmore Lake are reporting a buyer's market. The average list price for these areas is $249,641. Due to the increasing amount of homes on the market, buyers can be more selective and bid lower than asking price.