06/10/2026
Are Metro Detroit buyers finally stepping back in — or are we just seeing the serious buyers separate from the sideline watchers?
NAR is reporting that pending home sales are up, buyer activity is improving, and even with rates still higher than buyers want, people are starting to move again.
But here’s the real question for Metro Detroit:
Are buyers coming back because confidence is improving…
or because they’re realizing waiting may not actually make homes cheaper?
Inventory is still tight. Good homes are still getting attention. Multiple offers haven’t disappeared. And the buyers who are prepared, preapproved, and realistic are the ones who can still win.
Realtors — what are you seeing right now in your market?
Are your buyers more active than they were 60 days ago?
Are sellers becoming more reasonable?
Are multiple offers heating back up in your price points?
Drop your market and what you’re seeing. I’m curious if Metro Detroit is matching the national trend — or telling a different story.
https://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-3-2-increase-in-may
First-time buyers rose to 35% of all buyers — the highest share since June 2020 — driven by modest inventory improvements. Market outlook cooled for both buyers and sellers, with 25% of homes still selling above list price. Inspection contingency waivers dropped to 17%, down from 25% a year ago....