Total inventory rose over 12% year-over-year, but serious buyers are still acting fast when new homes hit the market.

The Kalamazoo County housing market is sending mixed signals this summer, leaving many to wonder whether buyers are finally gaining leverage or if sellers still hold the upper hand. New data reveals surprising trends that could reshape your next move, if you know how to navigate them.

More homes are hitting the market, but buyers aren’t backing down. Inventory is growing, with new listings up 6.4% compared to last year and the total number of available homes increasing by 12.4%. This should be good news for buyers who have been waiting for more options, but demand isn’t slowing. 

Pending sales have surged nearly 15% year-over-year, and closed sales are up more than 24%. Even with more choices, well-priced homes are selling quickly, proving that serious buyers are still eager to act.

Prices continue to climb, but the pace is more sustainable. The median sales price for a single-family home in Kalamazoo County now sits at $289,900, a 3.6% increase from last May. The average sales price is even higher at $338,000, signaling steady growth without the extreme spikes of recent years.

“The right strategy can help you take advantage of today’s changing conditions.”

Homes are spending just 24 days on the market, and sellers are receiving an average of 99% of their asking price. For sellers, this means pricing strategically remains key. For buyers, it’s a reminder that hesitation can mean missing out.

The market is inching toward balance. The month’s supply of inventory has risen slightly from 1.6 to 1.8 months, still firmly in seller’s market territory but offering buyers a little more breathing room. With more listings expected in the coming weeks, this could be the best opportunity buyers have seen in years, but it won’t last forever.

The right strategy makes all the difference. Whether you’re buying or selling, success in today’s market hinges on timing and preparation. Sellers must position their homes competitively, while buyers need to move decisively when the right property appears. The window of opportunity is open, but it won’t stay that way indefinitely.

If you’re considering a move this summer, let’s discuss how to make the most of these shifting conditions. Reach out directly at 269-350-5514, or send an email to sold@veenstrateam.com. You can also explore local insights at www.mykalamazoorealestate.com. The market won’t wait—will you?