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Press Room

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

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

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

October 2012 SWMI Housing Market Continues Positive Trend

ST. JOSEPH, MI ? "The housing market continues to do well with six continuous months of 250 or more houses sold each month. Since May sales have ranged from 250 to 287 with 273 houses sold in October. The October number of houses sold was up 37 percent over October 2011when only 199 houses were sold. Every month this year the number of houses sold has substantially beat 2011 monthly numbers with the exception of June and August when the numbers sold varied by just 6 houses. Year-to-date the number of houses sold was up 23 percent," stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

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Read more: October 2012 SWMI Housing Market Continues Positive Trend