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Press Room

December 2018, The Housing Market in Southwestern Michigan

Our housing market has had three remarkable years in a row. At the end of 2016, we set a new peak year for sales, total dollar volume and average and median selling prices. The previous peak year was 2006 in year-over-year comparison. Then the market in 2017 finished by outpacing 2016 even with a shrinking inventory of houses for sale. When 2018 ended, it did not surpass 2017 in the number of houses sold but did set records for total dollar volume and selling prices.

Read more: December 2018, The Housing Market in Southwestern Michigan

Making The Difference In Their Communities Is An Ongoing Mission for Area REALTORS

The importance of giving back to our communities is a year-long mantra heard throughout the Southwestern Michigan Association of Realtors membership. While being professional real estate advisors helping clients to purchase and sell property that will benefit their client’s financial futures, they also are dedicated to helping area charities and community endeavors to better the communities we live in.  

Read more: Making The Difference In Their Communities Is An Ongoing Mission for Area REALTORS

November 2018, The Housing Market in South Haven 49090 & SWMI

In November, the number of single family home sales in the South Haven zip code 49090 dropped 33 percent to November 2017 (16 vs. 24). Year-to-date in 2018, single family home sales were down 21 percent (195 vs 248).

The average selling price for single family houses in November jumped 106 percent to $438,275 from $212,991 in November 2017. The median selling price for single family houses was up 64 percent from November 2017 ($293,200 vs. $179,000).

Read more: November 2018, The Housing Market in South Haven 49090 & SWMI

November 2018, The Housing Market in Cass County & SWMI

In November, the Cass County overall housing market dropped 27 percent when compared to November 2017 (52 vs. 71). The number of waterfront sales fell 54 percent (12 vs. 26). Non-waterfront home sales were down by five houses (40 vs. 45).

Year-to-date, overall home sales were down 4 percent (630 vs. 659). Waterfront home sales, year-to-date, were down by 8 percent (185 vs. 201). Non-waterfront home sales, year-to-date, were down by 3 percent (445 vs. 458).

Read more: November 2018, The Housing Market in Cass County & SWMI

November 2018, The Housing Market in Southwestern Michigan

Ole Man Winter put a chill on the housing sales in SWMI with an 18 percent drop in sales from October 2018 (266 vs. 324) and a 10 percent drop from November 2017 (266 vs. 295). From the end of October to the end of November 2018, the number of houses on the market dropped by 198 houses. Comparing inventory levels at the end of November, there was a 4 percent decrease from a year ago. (1539 vs. 1601).

Read more: November 2018, The Housing Market in Southwestern Michigan