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Press Room

The Housing Market in Southwestern Michigan, May 2015

In May, the Southwestern Michigan housing market results provided a nice kick start to this year's key selling season. The number of houses sold in May increased 23 percent over April (297 vs. 242) and the total dollar volume per month increased 34 percent ($60,210,421 vs. $45,091,173). The average selling price in May at $202,729 was 9 percent higher than in April ($186,327) and the median selling price increased 4 percent to $144,000 from $138,250. We are still working with a low inventory of houses for sale. So far this year, our inventory has ranged from 7.7 ? 9.7 months supply of homes for sale.

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May 2015 ? May Sales UP IN SWMI Housing Market

ST. JOSEPH, MI ? "In May, the Southwestern Michigan housing market results provided a nice kick start to this year's key selling season. The number of houses sold in May increased 23 percent over April (297 vs. 242) and the total dollar volume per month increased 34 percent ($60,210,421 vs. $45,091,173). The average selling price in May at $202,729 was 9 percent higher than in April ($186,327) and the median selling price increased 4 percent to $144,000 from $138,250. We are still working with a low inventory of houses for sale. So far this year, our inventory has ranged from 7.7 ? 9.7-months supply of homes for sale," stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

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Read more: May 2015 ? May Sales UP IN SWMI Housing Market

June 2015 - Sales Up - Prices Hold Even in SWMI Housing Market

ST. JOSEPH, MI ? ?At the end of the second quarter the number of houses sold was up 10 percent over last year.? With the exception of January, each month the number of houses sold was up over the same month in 2014.? In June 2015, house sales were up 10 percent when compared to June 2014 and were up 15 percent when compared to May 2015,? stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

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Read more: June 2015 - Sales Up - Prices Hold Even in SWMI Housing Market