Two Michigan cities rank among top 101 best real estate markets, per new report


The real estate market is hot right now in Michigan, with listings getting multiple offers and selling for over the asking prices in just days. In many Michigan communities, the pace of sales is hitting a record: in the Dearborn area in June, homes stayed on the market for 13 days, down from 28 the year before, according to real estate data service Realcomp.

This trend in Michigan is mirrored nationwide. The national market reached what the National Association of Realtors called “crisis-level” this year. The study, called “Housing is critical infrastructure”, found that the U.S. is in the midst of an “underbuilding gap” of around 6 million housing units dating back to 2001.

“It was only 10 years ago coming out of the recession that the market was turning,” Jeff Duneske of Duneske Real Estate Advisors told MLive. “It just hasn’t stopped and the reality is, it’s not going to stop…

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