Thinking about buying a house in Michigan this spring?
Here’s some advice: Stop listening to your parents, grandparents or friends who tell you that paying list price will always be too much.
And get ready to compete with other buyers – probably a lot of them – who will start writing offers within hours of a home hitting the market.
Michigan’s housing market may be the most competitive in history, with double-digit sale price increases as home listings across the state plummeted 54 percent in January from a year earlier. It’s more severe than the national listing decline, which reached 42 percent over the same period and set a new record.