Press Room

September 2017, The Housing Market in Southwestern Michigan

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.

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August 2017, The Housing Market in Cass County & SWMI

In August, Cass County had a bumper crop of home sales. There were 87 overall home sales which was 40 percent higher than the 62 in August 2016. The bumper crop helped to bring the year-to-date, overall home sales up to 2 percent higher than in 2016 (441 vs. 432). In July, the year-to-date sales were down 4 percent.

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SWMI August 2017, Housing Market Selling Prices Drop

“After four months of selling prices holding fairly steady, the average and median selling prices dropped. The average selling price in August fell 12 percent from July ($196,723 vs. 224,705) and the median selling price slipped 3 percent ($159,500 vs. $164,819),” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS^®, Inc.

Read more: SWMI August 2017, Housing Market Selling Prices Drop

August 2017, The Housing Market in South Haven 49090 and SWMI

Single family homes sold in the South Haven zip code 49090 during August 2017 rose 50 percent from August 2016 (24 vs. 16). Year-to-date, the number of single family houses sold was up 23 percent (169 vs.137).

The average selling price for single family houses in August slipped by 1 percent to $215,346 from $217,919 in August 2016. Year-to-date, the average selling price was down18 percent ($258,674 vs. $263,364).

Read more: August 2017, The Housing Market in South Haven 49090 and SWMI