📉 Are real estate prices dropping

1. Nationally (U.S.)

• The S&P CoreLogic Case‑Shiller index recorded the first monthly drop in the 20 largest metro areas (–0.12%) in March 2025, although prices remain up ~3.4% year-over-year.

• Analysts from Redfin and Zillow now forecast a year-end drop of about 1–1.4% in median U.S. home prices.

• Indicators like falling over-asking sales and growing inventories signal a shift toward a buyer’s market.

So yes—at a national level, the market is cooling, with modest declines expected.

2. Southwest Michigan

• In March 2025, median home prices were up ~16% from the previous year, reaching around $290K.

• April’s data showed a slight slowdown: fewer sales (–20%), but average prices were still rising (to ~$384K), and median prices hit ~$314K—a ~17% increase year-over-year .

• Inventory is rising (about 5 months supply), giving buyers more options, though prices haven’t dropped yet .

  
  

🔍 What This Means for You

📍 Region	🧭 Trend	💡 Implication
U.S. overall	Slight downturn	Buyers may find deals in certain markets; sellers should price competitively.
Southwest Michigan	Still rising, but slowing	Buyers get more choices with rising inventory—prices haven't declined yet, but buyer leverage is increasing.

✅ In Summary:

• Yes, U.S. home prices are showing signs of levelling off or small declines (~1% projected).

• In Southwest Michigan, prices are still climbing (15–17% YoY as of April), but the market is easing. More homes are available, which benefits buyers—but real drops aren’t happening yet.

  
  

If you're in Kalamazoo, Portage, Battle Creek, Mattawan, or elsewhere in Southwest Michigan, reach out—the Keefer Fischer Real Estate Team can give you a hyper-local market snapshot tailored to your neighborhood.