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2019 December and Year-end SWMI Housing Market - Shrinking Inventory & Record-Setting Prices

“Our housing market has been robust since 2016 and 2017 when both year-end numbers of houses sold broke records, along with total dollar volume and average and median selling prices. The previous peak year was 2006 and is used as the start of our year-over-year comparison.” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.

Read more: 2019 December and Year-end SWMI Housing Market - Shrinking Inventory & Record-Setting Prices

December 2019, The Housing Market in South Haven 49090 and SWMI

At the end of 2019, the overall number of single-family homes sold in the South Haven zip code 49090 was up 18 percent when compared to 2018 (244 vs. 207). The average selling price for single-family houses in 2019 fell 20 percent to $301,990 from $380,331 in 2018. The median selling price for single-family houses in 2019 decreased 5 percent from 2018 ($223,500 vs. $235,730).

Read more: December 2019, The Housing Market in South Haven 49090 and SWMI