Our housing market has had three remarkable years in a row. At the end of 2016, we set a new peak year for sales, total dollar volume and average and median selling prices. The previous peak year was 2006 in year-over-year comparison. Then the market in 2017 finished by outpacing 2016 even with a shrinking inventory of houses for sale. When 2018 ended, it did not surpass 2017 in the number of houses sold but did set records for total dollar volume and selling prices.
Read more: December 2018, The Housing Market in Southwestern Michigan
In November, the Cass County overall housing market dropped 27 percent when compared to November 2017 (52 vs. 71). The number of waterfront sales fell 54 percent (12 vs. 26). Non-waterfront home sales were down by five houses (40 vs. 45).
Year-to-date, overall home sales were down 4 percent (630 vs. 659). Waterfront home sales, year-to-date, were down by 8 percent (185 vs. 201). Non-waterfront home sales, year-to-date, were down by 3 percent (445 vs. 458).
Read more: November 2018, The Housing Market in Cass County & SWMI