Saginaw-Midland-Bay City, MI

There is no doubt that the Saginaw-Midland-Bay City, MI CSA is in the midst of a housing market renaissance. After years of decline, the area is finally seeing some real estate trends that are positive and encouraging.

One of the most notable trends is the increase in home sales. In 2017, there were a total of 4,839 homes sold in the CSA, which was a 9.6% increase from 2016. This trend is expected to continue in 2018 as more and more people are realizing that now is a great time to buy a home in the CSA.

Another encouraging trend is the rise in median home prices. In 2017, the median home price in the CSA was $144,900, which was a 5.4% increase from 2016. This trend is also expected to continue in 2018 as demand for housing continues to increase and inventory levels remain low.

Finally, another sign that the housing market in the CSA is on the upswing is the decrease in foreclosures. In 2017, there were only 1,056 foreclosure filings, which was down 27% from 2016. This trend indicates that more people are able to keep up with their mortgage payments and are avoiding foreclosure altogether.

All of these trends point to one thing: The Saginaw-Midland-Bay City housing market is on its way back up! If you're thinking about buying a home or investing in real estate here, now is definitely the time to do it!