Overall home sales in January increased by 3 houses in January 2018 over January 2017 (32 vs. 29). In February 2018, 3 fewer homes were sold than in February 2017. Year-to-date, overall home sales were even with 2017.
The number of waterfront homes at 6 matched the number of waterfront homes sold in February 2017. Non-waterfront home sales decreased by 3 houses in February 2018 (25 vs. 28).
Read more: February 2018, The Housing Market in Cass County & SWMI
The number of houses sold in February 2018 was 3 houses less than in February 2017 (184 vs. 187). However, the average and median selling prices for the month are up 19 and 17 percent respectively. The increase in selling prices pushed the total dollar volume up 17 percent; making it the highest total dollar volume in the year-over-year comparison since 2006.
Year-to-date, the number of houses sold was down 4 percent (374 vs 390). And the year-to-date total dollar volume was 2 percent higher than in 2017 ($76,396,204 vs. $74,637,887). The year-to-date total dollar volume set a record over 2017 to become the highest set in the year-over-year comparison.
Read more: February 2018, The Housing Market in Southwestern Michigan