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Press Room

SWMI Home Sales Increase - Prices Stay Up

ST. JOSEPH, MI ? ?After the number of closed homes slumped in September, October bounced back by 14 percent. We dropped 12 percent behind October 2009.? Year-to-date we have slipped 4 percent behind or 80 houses short of last year.? The dollar volume for closed transactions in October fell 19 percent below that in October 2009.? However, year-to-date total dollar volume remains up 2 percent for this year. As we entered into the fall months it is going to be interesting to see if the huge benefit of the Stimulus Tax Credit and current closed sales will keep us on par with last year,? stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

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Read more: SWMI Home Sales Increase - Prices Stay Up

November SWMI Home Sales Decline ? Prices Remain Up

ST. JOSEPH, MI ? "Since July we have seen monthly housing sales bounce up and down with no particular pattern. For example July, normally a peak-selling month, had only 170 houses sold and closed when August had 232. Then September had 192, October 212 andNovember had 168. As people get ready for the holidays, November typically has a decline in sales. However thanks to the tax incentive, year-to-date we have stayed ahead of last year until September for the number of house sold and by the end of November we fell 5 percent behind last year. At this point in the year, our year-to-date average selling prices are still up for the year, but the monthly trend appears to be a downward trend from a high earlier in the year," stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

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Read more: November SWMI Home Sales Decline ? Prices Remain Up

The Housing Market in Southwestern Michigan ? October 2012

At the end of the third quarter, we can say that our market overall has had a solid year. We have had many months with double digit percentage increases in number of houses sold and total dollar volume over last year. In each quarter the number of houses sold has been up by at least 20 percent over the same quarter the year before. The total dollar volume in the first quarter was up 9 percent over the previous year, by the end of the second quarter it was up 30 percent and now at the end of the third quarter it is up 42 percent.

Read more: The Housing Market in Southwestern Michigan ? October 2012

SWMI Home Sales Down Average Prices Up ? April 2011

??SWMI Home Sales Down Average Prices Up

ST. JOSEPH, MI ? "The housing market last year in April was fairly strong because buyers were taking advantage of the tax credit program. Sales this year in April dropped 19 percent from last year. The very cold and rainy weather may have put some buyers off. With the housing market heading into the peak selling season, activity should begin to escalate. We have good conditions in our market now. The average selling prices are up, but still very affordable, interest rates in April were lower than rates were just a year ago and we have a very good selection of homes," stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

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Read more: SWMI Home Sales Down Average Prices Up ? April 2011

The Housing Market in Southwestern Michigan ? September 2012

At the end of the third quarter, we can say that our market overall has had a solid year. We have had many months with double digit percentage increases in number of houses sold and total dollar volume over last year. In each quarter the number of houses sold has been up by at least 20 percent over the same quarter the year before. The total dollar volume in the first quarter was up 9 percent over the previous year, by the end of the second quarter it was up 30 percent and now at the end of the third quarter it is up 42 percent.

Read more: The Housing Market in Southwestern Michigan ? September 2012