4 Market Shifts Every Oakland County Agent Must Know — June 2026
By Tom Gilliam | RE/MAX Classic, Your Trusted Oakland County REALTOR — 24 Years — 7
(RE/MAX Classic)
1. Mortgage Rates Are Creating a Real Buyer Window — Counsel Your Clients Accordingly Michigan 30-year fixed rates are sitting at approximately 6.32% APR as of early June 2026 — down 54 basis points from a year ago, according to NerdWallet Michigan mortgage rate data. On a $400,000 purchase with 20% down that is roughly $120 less per month and nearly $43,000 less over the life of the loan. What I am seeing on the ground: buyers who walked away at 7% are coming back. First-timers who were priced out are re-engaging. Move-up buyers in Farmington Hills and Novi are doing the math and liking what they see. Forecasts point toward the 5.25% to 5.75% range before year end — credible and already changing buyer behavior. Oakland County inventory remains under two months of supply. Properly pric...
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