“The housing market in January 2017 continued the record setting pace that the housing market experienced in 2016. The housing market in February failed to set any records in the year-over-year comparison for sales, total dollar volume, and selling prices. However, January sales, total dollar volume, and selling prices managed to keep year-to-date numbers up as much as 11 percent over 2016,” stated George Lucas, President of the board of directors, of the Southwestern Michigan Association of REALTORS®, Inc.
Read more: February 2017, SWMI Housing Market Sales Prices Up Slightly From 2016
In February, the number of single family home sales in the South Haven zip code 49090 decreased 23 percent when compared to February 2016 (10 vs. 13). Year-to-date, the number of single family houses sold was up 9 percent (25 vs. 23).
The average selling price for single family houses in February rose 106 percent to $346,710 from $168,470 in February 2016. Year-to-date, the average selling price was up 127 percent ($382,860 vs. $168,740).
The median selling price for single family houses jumped 114 percent to $237,200 compared to $110,720 in January 2016. Year-to-date, the median selling price was up 47 percent ($179,500 vs. $122,000).
Read more: February 2017, Housing Market in South Haven 49090 and SWMI