Single family homes sold in the South Haven zip code 49090 during October 2017 increased by 3 houses over October 2016 (27 vs. 24). Year-to-date, the number of single family houses sold was up 19 percent (224 vs.188).
The average selling price for single family houses in October climbed 15 percent to $340,537 from $296,163 in October 2016. Year-to-date, the average selling price was down 3 percent ($271,850 vs. $281,021).
The median selling price for single family houses rose 10 percent to $200,000 from $181,250 in October 2016. Year-to-date, the median selling price increased 14 percent ($200,000 vs. $ 175,000).
Read more: October 2017, The Housing Market in South Haven 49090 and SWMI
“The SWMI housing market for the past nine months has surpassed the record numbers set in 2016. Historically, 2006 had been the peak year for the local housing market. It took ten years for the market to rebuild economically to the point where 2016 became the new peak year. Now, in 2017 the dwindling inventory of houses for sale could help to set a new benchmark year,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.
Read more: September 2017, SWMI Housing Market Low Inventory - High Selling Prices