Wednesday, February 25, 2026
2026SWMI & National January Housing Market Sales Slip, Inventory Growth Slows, Selling Prices Increase, and the Mortgage Rate Drops
“The snowy weather throughout January posed numerous challenges in SWMI, including dampening the housing market. The number of houses sold in January fell to 135 houses, the lowest level since 2015. The year started with a 14% drop in inventory of houses for sale, record setting selling prices, and a small reduction in the mortgage rate,” stated Luke Jeffries, Association Executive, Southwestern Michigan Association of REALTORS ® , Inc. Jeffries continued, “In January 2026, the market ended with an
