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

In September, the number of single family home sales in the South Haven zip code 49090 decreased by 7 houses when compared to September 2017 (21 vs. 28) Year-to-date in 2018, single family home sales were down 17 percent (163 vs 197).

The average selling price for single family houses in September rose 4 percent to $296,790 from $285,198 in September 2017. The median selling price for single family houses was up 15 percent from the September 2017 ($250,000 vs. $217,500).

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August 2018, Existing Home Sales Drop 7% While Prices Increase in SWMI

“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,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS^®, Inc.

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September 2018, The Housing Market in Southwestern Michigan

So far this year the housing market has continued to witness fewer home sales with home selling prices climbing. The declining inventory of houses for sale has been the key factor. Buyers across Berrien, Cass and the westerly 2/3 of Van Buren counties have been searching for houses from an inventory that has dropped 34 percent in the last five years.

The number of houses sold in September 2018 was down 2 percent from September 2017 (360 vs. 367). Year-to-date, the number of houses sold was down 3 percent (2,732 vs. 2,813).

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

In August, the number of single family home sales in the South Haven zip code 49090 increased by 3 houses when compared to August 2017 (27 vs. 24) Year-to-date in 2018, single family home sales were down 16 percent (142 vs 169).

The average selling price for single family houses in August doubled. Increasing 107 percent to $444,890 from $215,346 in August 2017. At $295,500, the median selling price for single family houses was up 41 percent from the August 2017 median selling price of $209,500.

Read more: August 2018, The Housing Market in South Haven 49090 and SWMI