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Press Room

February 2018, The Housing Market in South Haven 49090 and SWMI

In February, the number of single family home sales in the South Haven zip code 49090 dropped by 1 house when compared to February 2017 (9 vs. 10). Year-to-date in 2018, single family home sales were down 20 percent (20 vs. 25).

The average selling price for single family houses in February at $460,333 rose 33 percent over $346,710 set in February 2017. The median selling price for single family houses dropped 19 percent to $192,500 compared to $237,200 in February 2017.

Read more: February 2018, The Housing Market in South Haven 49090 and SWMI

February 2018, The Housing Market in Southwestern Michigan

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

February 2016 - SWMI Housing Market Sales Up - Prices Drop

ST. JOSEPH, MI ? ?The housing market in February continued the positive pace started in January. The number of houses sold increased by double digits while the average and median selling prices held within 2 percent or less when compared to February 2015. Homebuyers in February found average and median selling prices that were significantly lower than in January,? stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

?The number of houses sold in February was up 14 percent over February 2015 (194 vs. 170). Sales in February were just 4 houses shy of the record set in February 2006 (198); which we consider to be the peak year for our local market. With the robust start in January, year-to-date, the number of houses sold were up 21 percent over 2015 (381 vs. 314),? said Walter.

Read more: February 2016 - SWMI Housing Market Sales Up - Prices Drop

January 2018, SWMI Housing Market - Not A Record Starter

“After two peak years, the January 2018 housing market took a step backward. It is not unusual for the month of January to the be least productive month of any given year. For a variety of reasons buyers and sellers push to close in December before year end. This year for example home sales in January were 30 percent below sales in December 2017 (190 vs. 272),” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.

Read more: January 2018, SWMI Housing Market - Not A Record Starter

The Housing Market in Southwestern Michigan - September 2010

After the surge of homes sold during the first quarter, thanks to the Stimulus Tax Credit, we have seen a steady drop in the number of houses sold each month, compared to the same month in 2009, to the point that our year-to-date number has dipped 3 percent below where we were at in September 2009.? The good news for sellers is that we have continued to see the average and median selling prices steadily increase each month.? At the end of the third quarter, average and median selling prices were up 9 percent over selling prices at this time in 2009.? The higher selling prices have kept the year-to-date total dollar volume up 6 percent over last year.

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Read more: The Housing Market in Southwestern Michigan - September 2010