What moved the market - Insights by Jeff Duneske, Northville Realtor

Metro Detroit real estate began the week on an encouraging note. Inflation eased slightly in September, with headline CPI rising 0.3 percent month over month and 3.0 percent year over year. Core inflation rose just 0.2 percent, showing that overall price pressures continue to cool. Gasoline costs were the primary mover while housing and shelter expenses showed modest improvement, a positive sign for long-term housing affordability across Michigan.

Existing home sales rose 1.5 percent in September to an annual rate of 4.06 million units nationwide. The median price climbed to $415,200, up 2.1 percent from last year. Inventory increased to 1.55 million homes, equal to a 4.6-month supply, giving motivated buyers a few more options than earlier this year. First-time buyers represented 30 percent of transactions, and average market time stretched to 33 days as more listings entered the fall market.

Real estate tracking data pointed to steady buyer demand and a slower pace of new inventory, with fewer price reductions than seen earlier in the year. Mortgage rates remain near their 2025 lows, adding welcome relief for both home buyers and sellers in the Metro Detroit area.

Today’s quick stats
• Average 30-year fixed mortgage: 6.19 to 6.30 percent
• Ten-year Treasury yield: stable within recent range
• Price adjustments are trending lower week over week
• Active inventory up year over year and nearing its seasonal peak

What this means for Metro Detroit buyers

Buyers in Northville, Novi, South Lyon, and Plymouth are finding more opportunities than last fall. Slightly lower mortgage rates and improved inventory create a window of advantage heading into 2026. By securing pre-approval and exploring tailored rate strategies now, buyers can increase purchasing power and move quickly when the right home appears. I can create a custom home search highlighting motivated sellers, new listings, and hidden opportunities within our top school districts and golf-course communities.

Metro Detroit real estate began the week on an encouraging note. Inflation eased slightly in September, with headline CPI rising 0.3 percent month over month and 3.0 percent year over year. Core inflation rose just 0.2 percent, showing that overall price pressures continue to cool. Gasoline costs were the main mover while housing and shelter expenses showed modest improvement, a positive sign for long-term housing affordability across Michigan.

Existing home sales rose 1.5 percent in September to an annual rate of 4.06 million units nationwide. The median price climbed to 415,200 dollars, up 2.1 percent from last year. Inventory increased to 1.55 million homes, equal to a 4.6-month supply, giving motivated buyers a few more options than earlier this year. First-time buyers represented 30 percent of transactions, and average market time stretched to 33 days as more listings entered the fall market.

Real estate tracking data pointed to steady buyer demand and a slower pace of new inventory, with fewer price reductions than seen earlier in the year. Mortgage rates remain near their 2025 lows, adding welcome relief for both home buyers and sellers in the Metro Detroit area.

Today’s quick stats
• Average 30-year fixed mortgage: 6.19 to 6.30 percent
• Ten-year Treasury yield: stable within recent range
• Price adjustments are trending lower week over week
• Active inventory up year over year and nearing its seasonal peak

What this means for Metro Detroit sellers

Local homeowners considering selling in late 2025 or early 2026 will find steady demand and strong values across Northville, Novi, South Lyon, and Plymouth. Homes that are well prepared, professionally marketed, and priced with precision continue to attract qualified buyers. My strategy focuses on local market data, neighborhood trends, and staging recommendations that help homes stand out and sell for top dollar, even as days on market lengthen slightly.

Jeff’s take

With inflation easing and long-term rates holding steady, Metro Detroit real estate is entering a balanced phase where preparation and presentation matter most. Buyers have regained some confidence, while sellers still benefit from limited supply. As we approach the holiday season, both sides have meaningful opportunities, and the right timing can make all the difference. If you are thinking about selling or buying, now is the time to start planning so you are ready when early 2026 momentum begins.