Press Room

March 2018, The Housing Market in Cass County & SWMI

Overall home sales in Cass County decreased by 4 houses in March 2018 when compared to March 2017 (45 vs. 49). Year-to-date, overall home sales were down by 4 houses from 2017 (108 vs. 112).

The number of waterfront homes sold in March increased by 2 over March 2017 (11 vs. 9). Non-waterfront home sales decreased by 6 houses in March 2018 (34 vs. 40).

In March, the average selling price in Cass County for all homes dropped 8 percent to $181,659 from $197,333 in March 2017. The median selling price for all homes in March rose 10 percent to $143,500 from $130,000 in March 2017.

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February 2018, SWMI Housing Market - Selling Prices Up Double Digits

“The number of houses sold in February 2018 was 3 houses less than in February 2017 (184 vs. 187). However, the average and median selling prices for the month are up 19 and 17 percent respectively. The increase in selling prices pushed the total dollar volume up 17 percent; making it the highest total dollar volume in the year-over-year comparison since 2006,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS^®, Inc.

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March 2018, The Housing Market in Southwestern Michigan

The March housing market turned around the February market’s lackluster sales by 35 percent (248 vs. 184) and managed to increase the average and median selling prices by double digits. The total dollar volume from February to March increased by 51 percent.

However, when we compare year-to-year results, the market in March 2018 had fewer houses sold at significantly higher prices from an inventory that was down 15 percent from March 2017.

The number of houses sold in March 2018 declined 13 percent from March 2017 (248 vs. 285). While the monthly and year-to-date average and median selling prices set new records over the same month in 2017; the peak year in our year-to-year comparison back to 2006. Year-to-date, the number of houses sold was down 8 percent (622 vs 675).

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February 2018, The Housing Market in Cass County & SWMI

Overall home sales in January increased by 3 houses in January 2018 over January 2017 (32 vs. 29). In February 2018, 3 fewer homes were sold than in February 2017. Year-to-date, overall home sales were even with 2017.

The number of waterfront homes at 6 matched the number of waterfront homes sold in February 2017. Non-waterfront home sales decreased by 3 houses in February 2018 (25 vs. 28).

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