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
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