“Buyers have not been deterred by the shrinking inventory of homes for sale in Southwestern Michigan. Last year, the housing market set records for home sales and selling prices nearly every month. In our year-over-year comparison, 2016 became the new peak year for the local housing market. It was a long road back from 2006, the previous peak year. January 2017 continued the record shattering trend. The number of houses sold, total dollar volume, and the average and median selling prices were higher than in January 2016 and also were higher than any previous January going back to 2006,” stated Philip Amodeo, Association Executive, of the Southwestern Michigan Association of REALTORS®, Inc.