Michigan Center's real estate market is experiencing a price correction, with values down 35.9% from last year. Home prices have decreased 3.8% in the past month. With 3.5 months of supply, Michigan Center's inventory levels remain relatively tight. Properties are selling within just 43 days on average, much faster than the historical norm of 87 days. A significant 28.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Michigan Center market with the affordability index at 167.8. Based on current market indicators, home prices in Michigan Center are projected to increase by approximately 12.8% over the next month.