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Press Room

December 2016, South Haven Housing Market

In 2016, the number of single family home sales in the South Haven zip code 49090 increased 17 percent when compared to 2015 (226 vs. 193). There was just one more single family house sold in December 2016 versus December 2015 (16 vs. 15). The average selling price for single family houses in 2016 rose 7 percent to $280,371 from $261,775 in 2015.

The median selling price for single family houses in 2016 increased 2 percent over 2015 ($176,500 vs. $173,000).

In December, the average selling price for single family houses dropped 5 percent when compared to December 2015 ($250,238 vs. $261,993). The median selling price in December 2016 rose 25 percent to $216,250 from $173,000 in December 2015.

Read more: December 2016, South Haven Housing Market

February 2016 - SWMI Housing Market Sales Up - Prices Drop

ST. JOSEPH, MI ? ?The housing market in February continued the positive pace started in January. The number of houses sold increased by double digits while the average and median selling prices held within 2 percent or less when compared to February 2015. Homebuyers in February found average and median selling prices that were significantly lower than in January,? stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

?The number of houses sold in February was up 14 percent over February 2015 (194 vs. 170). Sales in February were just 4 houses shy of the record set in February 2006 (198); which we consider to be the peak year for our local market. With the robust start in January, year-to-date, the number of houses sold were up 21 percent over 2015 (381 vs. 314),? said Walter.

Read more: February 2016 - SWMI Housing Market Sales Up - Prices Drop

SWMI Home Sales Increase - Prices Stay Up

ST. JOSEPH, MI ? ?After the number of closed homes slumped in September, October bounced back by 14 percent. We dropped 12 percent behind October 2009.? Year-to-date we have slipped 4 percent behind or 80 houses short of last year.? The dollar volume for closed transactions in October fell 19 percent below that in October 2009.? However, year-to-date total dollar volume remains up 2 percent for this year. As we entered into the fall months it is going to be interesting to see if the huge benefit of the Stimulus Tax Credit and current closed sales will keep us on par with last year,? stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

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Read more: SWMI Home Sales Increase - Prices Stay Up

The Housing Market in Southwestern Michigan - September 2010

After the surge of homes sold during the first quarter, thanks to the Stimulus Tax Credit, we have seen a steady drop in the number of houses sold each month, compared to the same month in 2009, to the point that our year-to-date number has dipped 3 percent below where we were at in September 2009.? The good news for sellers is that we have continued to see the average and median selling prices steadily increase each month.? At the end of the third quarter, average and median selling prices were up 9 percent over selling prices at this time in 2009.? The higher selling prices have kept the year-to-date total dollar volume up 6 percent over last year.

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Read more: The Housing Market in Southwestern Michigan - September 2010

November SWMI Home Sales Decline ? Prices Remain Up

ST. JOSEPH, MI ? "Since July we have seen monthly housing sales bounce up and down with no particular pattern. For example July, normally a peak-selling month, had only 170 houses sold and closed when August had 232. Then September had 192, October 212 andNovember had 168. As people get ready for the holidays, November typically has a decline in sales. However thanks to the tax incentive, year-to-date we have stayed ahead of last year until September for the number of house sold and by the end of November we fell 5 percent behind last year. At this point in the year, our year-to-date average selling prices are still up for the year, but the monthly trend appears to be a downward trend from a high earlier in the year," stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

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Read more: November SWMI Home Sales Decline ? Prices Remain Up