Home prices in some neighborhoods jumped by as much as 12% in recent months while other areas are seeing much slower growth.
For the region as a whole, median sale prices are still up year over year. But the pace of growth "has definitely decelerated," Jeanette Schneider, president of RE/MAX of Southeastern Michigan, tells Axios.the market is not as "frenzied as it was," meaning you're less likely to get into a crazy bidding war over a house.
The region didn't see its usual seasonal winter slow-down during the last couple years, Schneider says, but that's returning.
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