Tuesday, February 25, 2025
2025 SWMI & National January Housing Market Growing inventory, record selling prices, and a modest uptake in the mortgage rate
“Winter weather did not dampen the housing market in January. For the second consecutive year, the number of houses sold in January was higher than the same month in the previous year. The year started with an elevated inventory, record selling prices, and a modest uptake in the mortgage rate,” stated Luke Jeffries, Association Executive, Southwestern Michigan Association of REALTORS ® , Inc. Jeffries continued, “In January 2025, the market ended with an inventory of 715 houses for sale, up from 569 houses
