In September, the Cass overall housing market fell 27 percent from September 2017 (62 vs. 85). August and September in 2017 were the peak months for the year. Waterfront and non-waterfront home sales dropped by double digits; 19 and 31 percent respectively.
Year-to-date, overall home sales were down 2 percent (515 vs. 526). Waterfront home sales, year-to-date, decreased by 2 houses (156 vs. 158). Non-waterfront home sales, year-to-date, were down by 9 houses (359 vs. 368).
Read more: September 2018, The Housing Market in Cass County & SWMI
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).
Read more: September 2018, The Housing Market in Southwestern Michigan