“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 3rd 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
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