“Southwest Michigan’s housing market in June 2026 spiked to attain the highest monthly sales, with little change in selling prices from a year ago, and a substantial increase in inventory of houses for sale,” stated Luke Jeffries, Association Executive, Southwestern Michigan Association of REALTORS ® , Inc.
Jeffries continued, “The number of houses sold in June jumped 20 percent to 302 from 252 in June 2025. Year-to-date, the number of houses sold decreased 5 percent (1200 vs. 1267).”
The inventory of houses for sale grew 28 percent over what was available a year ago (1049 vs. 817). At the end of June, there was a 6.4-months supply of houses. This level still needs to be higher for buyers searching for listings for sale across Allegan, Berrien, Cass, and the westerly two-thirds of Van Buren counties. For comparison, in June 2010, there were 3679 houses for sale.
In June 2026, the average selling price changed less than 1 percent ($2,951) to $433,047 from $430,096 in June 2025. Year-to-date, the average selling price increased 7 percent ($407,675 vs. $382,018). The June and year-to-date average selling prices were the highest recorded in the year-over-year comparison.
The median selling price in June 2026 slipped 1 percent to $320,000 from $324,471in June 2025. Year-to-date, the median selling price decreased 3 percent to $295,000 from $304,925 in June 2025.
The median price is the price at which 50% of the homes sold were above that price, and 50% were below.
The Freddie Mac mortgage rate in June was 6.43, down from 6.48 in May for a 30-year conventional mortgage. A year ago, the rate was 6.86.
The increase in the number of house sales in June raised the total dollar volume 13 percent compared to a year ago ($130,780,349 vs. $115,273,609). The year-to-date total dollar volume dropped 8 percent ($489,210,050 vs. $ 532,382,589).
The number of bank-owned or foreclosed homes as a percentage of all transactions was 2 percent (6 houses). The previous low percentage was 1 percent (2 houses) in June 2024, and the highest percentage was 36 percent in June 2009.
Nationally:
Existing-home sales decreased in June by 2.4%, month-over-month. Existing-home sales increased 2.8% in existing-home sales year-over-year to a seasonally adjusted annual rate of 4.09 million, according to the National Association of REALTORS ® Existing-Home Sales report.
Month-over-month sales increased in the Northeast, and declined in the Midwest, South, and West. Year-over-year sales rose in the Midwest, South, and West and were flat in the Northeast.
“The back-and-forth in monthly home sales activity, driven by mild fluctuations in mortgage rates, shows how sensitive home buyers are to affordability conditions,” said NAR Chief Economist Lawrence Yun. “However, job gains—more than half a million since the beginning of the year—will continue to provide support for the housing market.”
“The median home price has reached an all-time high. Even so, affordability is better than a year ago because wage growth is outpacing home price growth,” Yun continued. “However, progress on long-term housing affordability could be hampered if inventory growth continues to stall. Without consistent gains in inventory, home prices can accelerate. It is critical to introduce more supply to the market to widen the opportunity for homeownership.”
The median existing-home price for all housing types in June was $440,600, up 1.8% from one year ago ($432,700) -- the 36th consecutive month of year-over-year price increases.
In the Midwest, existing-home sales decreased 3.0% in sales month-over month to an annual rate of 980,000, up 2.1% year-over-year. The median price in the Midwest was $346,600, up 2.7% from June 2025.
First-time buyers were responsible for 33% of sales in June, down from 35% in May and up from 30% one year ago.
Individual investors or second-home buyers, who make up many cash sales, purchased 13% of homes in June, down from 14% in May and 14% from one year ago.
Cash sales accounted for 25% of transactions in June, unchanged from last month and down from 29% in June 2025.
The total housing inventory registered at the end of June was 1.56 million units. The total housing inventory was down 0.6% from May and up 1.3% from June 2025. The unsold inventory sits at a 4.6-month supply, up from 4.5-months in May and unchanged from 4.6 months one year ago.
