Inventory in Benton Harbor has expanded in this rolling three-month view, with active listings up slightly from last year and sitting at 44 homes. Months of supply has climbed sharply year over year to 6.9, signaling a looser balance between available homes and demand. Even with more options, homes are not moving quickly, spending a median of 50 days on the market, dramatically higher than a year ago.
Contract activity shows mixed signals. Homes sold over the period have fallen nearly 28 percent compared with last year, yet new listings are up about 18 percent, and pending sales have declined roughly 24 percent year over year. This combination suggests buyers are taking more time and being more selective, while sellers continue to bring properties to market.
Pricing is adjusting to these shifting conditions. The typical home value over the period is about $122,000, down nearly 5 percent from a year ago, even as the median list price is more than 10 percent higher year over year, indicating sellers are aiming higher than recent sale prices support. Only about 8 percent of homes are selling above list, and the average sale-to-list ratio is just under 95 percent, so buyers are often negotiating below asking. With the market gauge still tilted toward sellers but softening, both buyers and sellers can benefit from an Agent Pronto–referred agent who understands Benton Harbor’s latest trends and can guide them through the process.
