More Homes for Sale in Metro Detroit. So Why No Price Cuts?
Posted by Michael Perna on
Quick answer: Metro Detroit housing inventory climbed to more than 24,000 homes by the end of May 2026, the highest May level in five years and nearly 12% above a year ago. But prices are not falling: the median sale price is still up 3% to 5% year over year. Michigan remains short more than 100,000 housing units, so even this inventory jump is not enough to meet buyer demand. Expect more choices, not discounts.
Here is a headline that sounds like great news for buyers: there are more homes for sale in Metro Detroit right now than at any point in the last five Mays.
And it IS good news. Sort of. (Stay with me, because the second half of this story is the part that actually affects your wallet.)
More than 24,000 homes were on the market across…
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