Press Room

August 2018, The Housing Market in Southwestern Michigan

Last year in August the SWMI housing market set the record for the number of houses sold in the year-over-year comparison with 418. But the average and median selling prices dropped after fairly steady increases during the months leading up to that time. This year in August the number of houses sold dropped 7 percent from August 2017 (387 vs. 418). And the average and median selling prices increased.

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

In July, the number of single family home sales in the South Haven zip code 49090 stayed even at 26 houses sold both in 2018 and 2017. Year-to-date in 2018, single family home sales were down 21 percent (115 vs. 145).

The average selling price for single family houses in July sky rocketed to 127 percent to $425,135 from $187,485 in July 2017. At $219,000, the median selling price for single family houses was up 32 percent from the July 2017 median selling price of $165,450.

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July 2018, Existing Home Sales Jumped 18% in SWMI

“July became a record selling month for 2018 in our year-over-year comparison for all numbers we report except for number of units sold year-to-date. The number of year-to-date houses sold at 1985 fell 2 percent behind sales in July 2017 and 2006 for 3^rd place. After 2 peak years in row (2016 and 2017), the market has stayed robust for sellers with the low inventory for buyers,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS^®, Inc.

Read more: July 2018, Existing Home Sales Jumped 18% in SWMI

July 2018 - The Housing Market in Cass County & SWMI

In July, the Cass housing market stayed even with July 2017. Overall home sales were down by one house (68 vs. 69). July overall home sales dropped to 68 from 76 in June. Year-to-date, overall home sales were up 8 percent (381 vs. 354).

Waterfront home sales in July 2018 were up by two houses when compared to July 2017 (24 vs. 22). Year-to-date, waterfront home sales increased by three houses (107 vs. 104)

Non-waterfront home sales have pushed year-to-date, overall home sales up by 10 percent (274 vs. 250). However, in July, non-waterfront home sales slipped by 3 fewer houses than in July 2017 (44 vs. 47).

Read more: July 2018 - The Housing Market in Cass County & SWMI