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.
Year-to-date, the number of houses sold was down 4 percent (374 vs 390). And the year-to-date total dollar volume was 2 percent higher than in 2017 ($76,396,204 vs. $74,637,887). The year-to-date total dollar volume set a record over 2017 to become the highest set in the year-over-year comparison.
Read more: February 2018, The Housing Market in Southwestern Michigan
In January, the number of single family home sales in the South Haven zip code 49090 dropped 27 percent when compared to January 2017 (11 vs. 15).
The average selling price for single family houses in January plummeted 23 percent to $282,118 from $365,406 in January 2017. The median selling price for single family houses increased 37 percent to $205,000 compared to $149,900 in January 2017.
There was just 1 condo sold in January compared to 3 in January 2017.
The average condo selling price jumped 13 percent in January 2018 to $270,000 from $238,157 in January 2017. The median selling price for condos increased 10 percent to $270,000 from $245,000 in January 2017.
Read more: January 2018, The Housing Market in South Haven 49090 and SWMI