Cummings Realty Blog

  Harrison, MI Real Estate Market Insights with Cummings Realty As a real estate professional in Harrison, MI, it’s essential to analyze market metrics to provide buyers and sellers with accurate insights. Understanding the trends behind the numbers can help clients make informed decisions, whether they’re buying their dream home, selling a property, or investing in the market. Let’s break down some key indicators shaping the Harrison real estate market and what they mean for you: Current Market Conditions Months Supply of Inventory: 3.55 This metric measures how long it would take to sell all the homes currently on the market at the current pace of sales. A lower inventory often indicates a seller's market with strong demand, while higher inventory trends toward a buyer's market. At 3.55 months, Harrison’s market suggests high activity, favoring sellers, but this may be shifting. 12-Month Change in Inventory: +38.13% The significant increase in the Months Supply of Inventory ...