In January, the number of single family home sales in the South Haven zip code 49090 dropped 27 percent when compared to January 2017 (11 vs. 15).
The average selling price for single family houses in January plummeted 23 percent to $282,118 from $365,406 in January 2017. The median selling price for single family houses increased 37 percent to $205,000 compared to $149,900 in January 2017.
There was just 1 condo sold in January compared to 3 in January 2017.
The average condo selling price jumped 13 percent in January 2018 to $270,000 from $238,157 in January 2017. The median selling price for condos increased 10 percent to $270,000 from $245,000 in January 2017.
Read more: January 2018, The Housing Market in South Haven 49090 and SWMI
After two peak years, the January 2018 housing market took a step backward. It is not unusual for the month of January to be least productive month of any given year. For a variety of reasons buyers and sellers push to close in December before year end. This year for example home sales in January were 30 percent below sales in December 2017 (190 vs. 272),
Comparing year-to-year, January 2018 home sales fell 6 percent behind January 2017 (190 vs. 203). Looking at sales year-over-year in January back to 2006, the number of houses sold in January 2018 was the third highest.
Read more: January 2018, The Housing Market in Southwestern Michigan