Southwest Michigan Real Estate Statistics and Market Data

Harbor Country: Michiana, Grand Beach, New Buffalo, Lakeside, Harbert, Sawyer & Three Oaks

When considering if it is a good time to invest in any given real estate market, one of the very best statistics to consider is the amount of homes for sale in that market relative to the number of homes sold per month. The analysts call this the number of Months of Inventory. For our market, Southwest Michigan's Harbor Country, the market hit bottom when the Months of Inventory peaked in the early part of 2009 with approximately 27 months of inventory. The latest figures show that the market has improved dramatically as prices have over corrected and buyers have been snatching up vacation homes at bargain prices. Inventory of homes for sale in Southwest Michigan have dropped significantly, and in Harbor Country, the new figure for Months of Inventory is equal to numbers we havent seen since 2006-2007.