april 2026 Market Update
This month's newsletter provides analysis of real estate trends across Houghton, Keweenaw, Baraga, and Ontonagon counties from 2015 through 2025. Over the past decade, all four markets have experienced significant price appreciation, driven by limited inventory, increased demand for rural and waterfront properties, and long-term shifts accelerated by the COVID-19 pandemic, including remote work and second-home ownership. Houghton County remains the most stable market due to its employment base, Keweenaw County reflects higher volatility tied to low transaction volume and premium waterfront sales. Baraga and Ontonagon counties show steady growth with moderate activity levels. Despite rising mortgage rates, demand has remained resilient, with constrained supply continuing to drive pricing across the Upper Peninsula.