“In February, the SWMI housing market began to warm up after a dismal start to the year in January. The number of houses sold in February bounced up to 235 from 175 sold in January for 34 percent increase. In the year-over-year comparison back to 2006, February 2019 was the highest sales overall which included a 28 percent increase over February 2018 (235 vs. 184). Year-to-date, February sales were up 10 percent over February 2018 (410 vs. 374).” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.
Read more: February 2019, SWMI Housing Market - Bounced Back From Frigid January
In February, the number of single family home sales in the South Haven zip code 49090 was up 111 percent (19 vs. 9) while selling prices dropped significantly from February 2018. Year-to-date,ingle family house sales are up 45 percent (29 vs. 20).
The average selling price for single family houses in February fell 57 percent to $197,114 from $460,333 in February 2018. The median selling price for single family houses decreased 17 percent to $159,500 compared to $192,500 in February 2018.
Read more: February 2019, The Housing Market in South Haven 49090 and SWMI