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Press Room

October 2018, Existing Home Sales Drop 8% While Prices Continue to Increase in SWMI

“The dwindling inventory of houses for sale continued to raise the selling prices in SWMI to record levels in October 2018 and year-to-date. The year-to-date, total dollar volume also were the highest in the year-over-year comparison since 2006,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.

“The number of houses sold in October 2018 was down 8 percent from October 2017 (324 vs. 354). Year-to-date, the number of houses sold was down 4 percent (3,056 vs. 3,167),” said Jeffries.

Read more: October 2018, Existing Home Sales Drop 8% While Prices Continue to Increase in SWMI

October 2018, The Housing Market in Cass County & SWMI

In October, the Cass overall housing market varied by one house when compared to October 2017 (63 vs. 62). The number of waterfront sales was the same at 17 houses and non-waterfront home sales increased by one house (46 vs. 45). 

Year-to-date, overall home sales were down 2 percent (578 vs. 588). Waterfront home sales, year-to-date, were down by 2 houses (173 vs. 175). Non-waterfront home sales, year-to-date, were down by 8 houses (405 vs. 413).

Read more: October 2018, The Housing Market in Cass County & SWMI

October 2018, The Housing Market in Southwestern Michigan

The dwindling inventory of houses for sale continued to raise the selling prices in SWMI to record levels in October 2018 and year-to-date. The year-to-date, total dollar volume also was the highest in the year-over-year comparison since 2006.

The number of houses sold in October 2018 was down 8 percent from October 2017 (324 vs. 354). Year-to-date, the number of houses sold was down 4 percent (3,056 vs. 3,167).

Read more: October 2018, The Housing Market in Southwestern Michigan

October 2018, The Housing Market in South Haven 49090 and SWMI

In October, the number of single family home sales in the South Haven zip code 49090 decreased by 10 houses when compared to October 2017 (17 vs. 27). Year-to-date in 2018, single family home sales were down 20 percent (180 vs 224).

The average selling price for single family houses in October jumped 65 percent to $561,928 from $340,537 in October 2017. The median selling price for single family houses was up 26 percent from October 2017 ($252,275 vs. $200,000).

Read more: October 2018, The Housing Market in South Haven 49090 and SWMI

September 2018, The Housing Market in Cass County & SWMI

In September, the Cass overall housing market fell 27 percent from September 2017 (62 vs. 85). August and September in 2017 were the peak months for the year. Waterfront and non-waterfront home sales dropped by double digits; 19 and 31 percent respectively.

Year-to-date, overall home sales were down 2 percent (515 vs. 526). Waterfront home sales, year-to-date, decreased by 2 houses (156 vs. 158). Non-waterfront home sales, year-to-date, were down by 9 houses (359 vs. 368).

Read more: September 2018, The Housing Market in Cass County & SWMI