Are Real Estate Prices Going Down?

One of the most common questions buyers and sellers ask is, “Are real estate prices going down?” While national headlines can paint a broad picture, real estate markets are highly local. Here in Southwest Michigan, home values have shown resilience, with trends driven by supply, demand, and interest rates rather than a nationwide downturn.

What’s Happening in Southwest Michigan?

• Stable to Slightly Adjusting Prices – While some markets across the country are seeing small price corrections, Southwest Michigan continues to experience steady buyer demand.

• Inventory Levels Matter – Homes priced right and in good condition are still moving quickly, often with multiple offers.

• Interest Rates Impact Affordability – Higher rates may cause some buyers to pause, but others are adapting by exploring creative financing or making competitive offers to secure their dream home.

Should You Wait to Buy or Sell?

Waiting for a “market crash” could mean missing out on valuable opportunities. Home prices may adjust slightly, but historically, real estate has proven to be a solid long-term investment. Whether you're buying or selling, timing the market perfectly is nearly impossible. Instead, focus on your personal needs, financial situation, and long-term goals.

Work with Local Experts

The Keefer Fischer Team, led by Kerry Keefer Fischer, provides up-to-date insights into the Kalamazoo, Portage, and Southwest Michigan markets. We monitor pricing trends closely to help you make the best decisions in today’s real estate landscape.

Call to Action

Curious about what your home is worth in today’s market or whether now is the right time to buy? Contact the Keefer Fischer Team for a personalized market analysis and expert guidance.