“Sales in April for the local housing market surpassed 200 for the first time this year. Year-to-date sales were down for the fourth consecutive month in 2026 compared to 2025. The average selling price in April and year-to-date price were the highest in the year-over-year comparison dating back to 2006. Year-to-date, the total dollar volume was down 18 percent at the end of April. Th inventory of homes for sale did not increase to the level of listings in April 2025,” stated Luke Jeffries, Association Executive, Southwestern Michigan Association of REALTORS ® , Inc.
Jeffries continued, “The number of houses sold in April increased by 3 percent from sales in April 2025 (201 vs. 196). The year-to-date sales decreased 13 percent (646 vs. 744).
The average selling price for houses in April crept up slightly by 1 percent from April 2025 ($386,541 vs. $383,861). The average sales price year-to-date rose by 6 percent to $396,133 from $372,068 in April 2025.
Despite the rise in average selling price, the April 2026 median selling price fell 13 percent ($275,000 vs. $314,400), and the year-to-date median selling price dropped 8 percent from April 2025 (275,000 vs. $298,800).
The median price is the price at which 50% of the homes sold were above that price and 50% were below.
The total dollar volume, with fewer sales, plummeted 7 percent in April to $77,694,756 from the $83,893,695 in April 2025. Year-to-date, the total dollar volume has fallen 18 percent ($255,902,076 vs. $310,310,811).
In April 2026, the market ended with an inventory of 827 houses for sale, down from 841 in April 2025. The good news is that homebuyers in Allegan, Berrien, Cass, and the westerly 2/3 of Van Buren counties have a 5.1-months supply of homes, up from 3.8 in
March 2026 and the highest supply for 2026.
The Freddie Mac mortgage rate in April was 6.30, down from 6.46, in March for a 30-year conventional mortgage.
There was just one bank-owned or foreclosed home as a percentage of all transactions in April, or 1 percent of the closed transactions. The highest percentage in April was 54 percent in 2009.
This data reflects home sales across Allegan, Berrien, Cass, and the westerly 2/3 of Van Buren counties and should not be used to determine the market value of any individual property. If you want to know the market value of your property, please contact your
local REALTOR ® .
Nationally:
Existing-home sales increased by 0.2% month-over-month in April, according to the National Association of REALTORS® Existing-Home Sales report. The report provides the real estate ecosystem—including agents, homebuyers, and sellers—with data on the
level of home sales, price, and inventory.
Month-over-month sales increased in the Midwest and the South, were unchanged in the Northeast, and declined in the West. On a year-over-year basis, sales rose in the South, were flat in the West, and fell in both the Northeast and Midwest.
“Despite mixed macroeconomic signals—including a record-high stock market and historically low consumer confidence—home sales were modestly boosted by the continued improvement in housing affordability,” said NAR Chief Economist Dr. Lawrence Yun. “Mortgage rates are lower than a year ago, and average income growth is outpacing home price gains.”
“Inventory still remains tight,” Yun added. “Multiple offers, though not as intense as a few years ago, are still occurring. At the same time, days on market are lengthening on average, implying that consumers are taking their time before making decisions.”
“The increase in second-home purchases reflects stronger finances among higher-income households, as well as the post-COVID rise in remote work and hybrid job schedules.”
Total existing-home sales, which were completed transactions that include single-family homes, town homes, condominiums, and co-ops, increased 2.0% to a seasonally adjusted annual rate of 4.02 million in April. Year-over-year, sales fell 1.0%.
The median existing-home price for all housing types in April was $417,700, up 0.9% increase from one year ago ($414,000)—the 34th consecutive month of year-over-year price increases.
In the Midwest, existing-home sales increased 2.2% in April compared to March to an annual rate of 950,000. Sales were down 1.0% compared to a year ago. The median price in the Midwest was $324,500, up 3.6% from April 2025.
First-time buyers were responsible for 33% of sales in April, up from 32% in March 2026 and down slightly from one year ago.
Individual investors or second-home buyers, who make up many cash sales, purchased 16% of homes in April, down from 18% last month and up slightly from 15% one year ago.
Cash sales accounted for 25% of transactions in April, down from 27% in March and unchanged from 25% in April 2025.
Total housing inventory at the end of April increased to 1.47 million units, up 5.8% from March and 1.4% from April 2025. Unsold inventory sits at a 4.4-month supply of unsold houses, up from 4.2 months last month and up from 4.3 months one year ago.
