After a sluggish 1st quarter residential real estate sales are picking up a bit in Southwest Michigan, according to the monthly tracking by the Southwestern Michigan Association of Realtors.
–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.
–The inventory of homes for sale did not increase to the level of listings in April 2025
–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).
Realtors Association Executive Luke Jeffries said the average selling price for houses in April crept up slightly by 1 percent from April 2025 ($386,541 vs. $383,861).
The average sale 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, dropped 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 homebuyer 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®.
