In February, the number of single family home sales in the South Haven zip code 49090 decreased 23 percent when compared to February 2016 (10 vs. 13). Year-to-date, the number of single family houses sold was up 9 percent (25 vs. 23).
The average selling price for single family houses in February rose 106 percent to $346,710 from $168,470 in February 2016. Year-to-date, the average selling price was up 127 percent ($382,860 vs. $168,740).
The median selling price for single family houses jumped 114 percent to $237,200 compared to $110,720 in January 2016. Year-to-date, the median selling price was up 47 percent ($179,500 vs. $122,000).
Read more: February 2017, Housing Market in South Haven 49090 and SWMI
“Buyers have not been deterred by the shrinking inventory of homes for sale in Southwestern Michigan. Last year, the housing market set records for home sales and selling prices nearly every month. In our year-over-year comparison, 2016 became the new peak year for the local housing market.
It was a long road back from 2006, the previous peak year. January 2017 continued the record shattering trend.
Read more: January, 2017-January SWMI Housing Market Sets New Record