December 17, 2025 | Real Estate Market Update for Northville, Novi, South Lyon, Plymouth and Metro Detroit | Insights by Jeff Duneske, Northville Real Estate Agent

by Jeff Duneske

What Today’s National Data Signals for Metro Detroit Buyers and Sellers

Several themes stand out in today’s housing data. Affordability is guiding where buyers focus their searches, rent pressure has eased slightly but remains well above pre pandemic levels, and mortgage demand continues to move up and down week to week while staying stronger than last year.

Affordability Is Driving Buyer Attention

Across the country, buyers are gravitating toward markets where home values remain more attainable. Midwest cities continue to show up prominently as buyers look for balance between price, lifestyle, and long term value.

What this means locally
For Northville, Novi, South Lyon, and Plymouth, this reinforces something we see on the ground every day. Buyers are still active, but they are thoughtful. Homes that are well prepared, priced with intention, and remove uncertainty tend to stand out and attract serious interest, even when mortgage rates fluctuate.

Rental Market Pressure Has Softened, But Remains Elevated

Rental prices have continued a gradual cooling trend year over year, which provides some relief for renters. Even so, rents remain meaningfully higher than they were before twenty nineteen, keeping affordability top of mind for many households.

Why this matters locally
As rent pressure slowly eases and wages improve in parts of Metro Detroit, more households are able to save, plan, and think realistically about homeownership. This does not create an immediate surge, but it does support a steadier and more balanced buyer pool over time.

Mortgage Activity Remains Choppy but Resilient

Mortgage applications moved lower week to week, which is typical for this time of year. The more important signal is that purchase activity remains higher than it was at the same time last year. Rates continue to move within a narrow range, and buyers are adjusting rather than disappearing.

What this means in plain English
Late December is rarely a smooth data period. The year over year strength suggests demand is still present, with buyers pacing themselves and waiting for the right home rather than stepping away from the market entirely.

What to Watch Next in Northville, Novi, South Lyon, and Plymouth

For sellers, this remains a market where preparation matters. Buyers want clarity on value, condition, and expectations. Homes that feel turnkey and well positioned continue to perform well.

For buyers, opportunity often comes from being ready. The best homes in strong neighborhoods still move quickly, while others create room for thoughtful negotiation.

A Simple Next Step

If it would be helpful, I can put together a clear, local plan tailored to your home and goals. That includes a realistic value range, what improvements matter most, and a timeline that makes sense for you. Whenever the timing feels right, I am here as a resource.

Practical Guidance for This Week

For homeowners considering a move

In a normalizing market, the first week on the market carries real weight. Pricing strategy, presentation, and preparation determine whether a home attracts serious buyers or simply gathers views. Clear exit planning and understanding current competition are essential.

For buyers planning ahead

Markets like this often offer opportunities for prepared buyers. Increased inventory, builder incentives, and negotiation room can create favorable outcomes without overpaying, especially for those who have clarity around timeline and budget.

Explore Novi, Northville, South Lyon, and Plymouth Real Estate Markets

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Jeff Duneske, Northville Realtor® – Keller Williams Advantage
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