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The Housing Market in Southwestern Michigan ? October 2014

For the first time in five months selling prices dropped in October. Previously the monthly average selling prices from May to September, ranged from $199,295 to $203,326 and the median selling prices ranged from $139,200 to $148,700. In October the average selling price was $189,116 and the median selling price was $132,250, while the number of houses sold rebounded from the 293 houses sold in September to 322 sold in October.

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Selling Prices Maintain Steady Growth in Local Housing Market for 2014

ST. JOSEPH, MI ?"December selling prices rebounded from the setback in prices in November helping to keep the market's year-end total dollar volume almost even with that in 2013. In fact, the total dollar volume was only $599, 111 higher in 2014. The number of houses sold slipped 3 percent below the number sold in 2013. So while 101 fewer houses were sold, the increase in selling prices boosted the 2014 housing market total dollar volume," stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

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November, 2014 ? SWMI November Housing Sales and Prices Drop

ST. JOSEPH, MI ? "Our market was very active from May through September and then there was a small set back in October. In November, the market experienced a double- digit decline for total dollar volume in sales and for average and median selling prices when compared to October and to November 2013," stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

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January 2016, Record Setting January SWMI Housing Market

ST. JOSEPH, MI ? ?January was a record setting month in many ways for Southwestern Michigan. When comparing the numbers back to the peak year of 2006, our current market seems to be very robust,? stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

??In spite of the historically low inventory of homes to sell, the number of houses sold increased 30 percent over January 2015 (187 vs. 144). Looking at sales in the month of January going back to 2006, January 2016 had the second highest number of houses sold. In January 2006, 206 houses were sold,? said Walter.

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