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Metro Detroit Housing Market Shift - What Buyers & Sellers Need to Know Now + Homes Coming to Market & More

Metro Detroit Housing Market Shift - What Buyers & Sellers Need to Know Now + Homes Coming to Market & More

Michael Perna
July 18, 2025

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Metro Detroit Housing Market Shift - What Buyers & Sellers Need to Know Now

I had the opportunity to join Fox 2 Detroit to break down exactly what's happening in the Metro Detroit housing market right now, and what it means for both buyers and sellers across Southeast Michigan.

For the first time since 2020, we’re seeing more homes on the market than buyers, and that shift is changing the way homes are selling. I shared which pricing strategies are working in today’s climate, why bidding wars are finally slowing down, and which areas are still seeing strong competition, especially in the $250K to $600K price range.

If you're planning to buy or sell a home in Southeast Michigan, this real estate update will give you the clarity and confidence you need to make your next move.

These Are the 10 Best Places to Live in Metro Detroit for Families

Searching for the best places to live in Metro Detroit? Whether you’re moving with kids, downsizing, or just looking for a neighborhood that fits your lifestyle, finding the right place to call home is a big decision, but it doesn’t have to be stressful. Metro Detroit offers a wealth of great communities, from bustling suburban cities with job opportunities to quiet small towns full of charm. In fact, Niche, a trusted platform for data-driven insights on schools, towns, and colleges, releases annual rankings of the top places to live in the Detroit area, considering crucial factors like public school quality, crime rates, cost of living, employment, and family-friendly amenities. These rankings are based on the latest data from sources such as the U.S. Census Bureau, FBI crime statistics, the Bureau of Labor Statistics, and the CDC, so you know the info is solid.

Why Mackinac Island Is the #1 Place on Earth to Ride a Bike

The world’s top biking spot isn’t Amsterdam or Copenhagen, it’s right here in the Great Lakes State. In a global ranking of nearly 3,000 cities, tiny Mackinac Island, Michigan earned the highest score of all, becoming the #1 place on Earth to ride a bike. In fact, Mackinac Island made history by scoring a perfect 100 in the PeopleForBikes 2025 “Best Places to Bike” ratings, the first time any city has ever achieved a perfect score. This car-free island’s victory isn’t just a win for Mackinac; it’s a point of pride for all Michiganders, surprising many who might assume the best biking would be found in Europe or big U.S. cities. So what makes Mackinac Island such a cyclist’s paradise? Imagine an idyllic Michigan island where no cars are allowed and the pace of life is set by pedaling feet and horse hooves. That’s Mackinac in a nutshell.

Quote of the Week

"Our lives begin to end the day we become silent about things that matter."

- Martin Luther King Jr.

Metro Detroit Weekend Events

The Ann Arbor Art Fair returns this weekend, July 17–19, transforming downtown Ann Arbor into one of the largest outdoor art celebrations in the country. Spanning 30 city blocks and featuring nearly 1,000 juried artists from across the U.S., this nationally recognized event showcases a wide variety of artwork, paintings, sculpture, glass, jewelry, ceramics, and more. It's made up of three distinct fairs: the Ann Arbor Street Art Fair, the Original; The Guild’s Ann Arbor Summer Art Fair; and the Ann Arbor State Street District Art Fair. Admission is free, and the entire downtown becomes a vibrant, walkable gallery open to all.

The Farmington Founders Festival returns to downtown Farmington from July 17–19 with a full weekend of family-friendly fun. This year’s lineup includes the popular Fido Festival dog agility shows, a crafters market, children’s activities, a lively parade, beer tent, and a bustling farmers market. New for 2025 is a 5K run, adding even more excitement to this beloved summer tradition in the heart of the city.

Blake’s Lavender Festival returns July 18–20 at Blake’s Orchard & Cider Mill in Armada, offering a fragrant weekend of hands-on experiences and outdoor shopping. Visitors can pick their own lavender straight from the fields, browse an open-air market with over 200 local artisans, and sample lavender-inspired treats like lemonade, ice cream, and cupcakes. The event also features creative workshops and DIY stations, making it a perfect summer escape for families, friends, and anyone looking to unwind in a vibrant, floral setting.

The Detroit Festival of Books returns for its eighth year on Sunday, July 20, inside Eastern Market’s Shed 5. This one-day literary celebration invites visitors to explore thousands of used, rare, and collectible books alongside vinyl records, comic books, vintage board games, artwork, and more. It’s a treasure hunt for book lovers, collectors, and curious browsers alike—offering a full day of discovery in one of Detroit’s most iconic marketplaces.

The Oakland County Fair is in full swing now through July 20 at Springfield Oaks County Park, offering a packed schedule of family-friendly entertainment and grandstand thrills. Highlights include an off-road derby, rodeo, monster truck displays, and micro wrestling, alongside classic fair fun like carnival rides, midway games, live music, a petting zoo, and more. Admission is $15 per vehicle or $10 for walk-ins, with carnival wristbands available for $35. It’s a summer staple that brings big energy to the heart of Oakland County.

The 42nd annual African World Festival returns to Hart Plaza July 18–20, hosted by the Charles H. Wright Museum of African American History. Drawing over 20,000 attendees each year, this vibrant celebration features live music, cultural performances, and more than 100 vendors offering food, clothing, art, and handcrafted goods. It’s one of Detroit’s most beloved summer festivals, honoring African heritage through music, culture, and community.

If you're looking to buy or sell a home in Metro Detroit, The Perna Team can help you. We're fast, friendly, and have served thousands of families in the Metro Detroit area with their real estate needs. Click below to start viewing what's available in Metro Detroit today, or reach out and find out what your home is worth on today's market!