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Press Room

The Housing Market in Southwestern Michigan, July 2015

Since February, we have seen average and median selling prices climb month over month.? In July, the average selling price dropped 6 percent and the median selling price dropped 10 percent below selling prices in June.? The number of houses sold was nearly the same; in July 344 and in June 342 houses were sold. Historically, the market has seen the number of homes sold in July dip but the selling prices remain nearly the same.?

Read more: The Housing Market in Southwestern Michigan, July 2015

July 2015, Sales Maintain Even with June - Prices Drop in SWMI Housing Market

ST. JOSEPH, MI ? ?Since February, we have seen average and median selling prices climb month over month.In July, the average selling price dropped 6 percent and the median selling price dropped 10 percent below selling prices in June.? The number of houses sold was nearly the same; in July 344 and in June 342 houses were sold. Historically, the market has seen the number of homes sold in July dip but the selling prices remain nearly the same,? stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

Read more: July 2015, Sales Maintain Even with June - Prices Drop in SWMI Housing Market