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October 2019, SWMI Housing Market - Stays Strong & Sets Records

“As we rush through the last quarter of 2019, the housing market continued to stay strong. At the end of October, the monthly and year-to-date average and median selling prices and total dollar volume surpassed 2018 and set new records in the year-over-year comparison since 2006.” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.

Read more: October 2019, SWMI Housing Market - Stays Strong & Sets Records

October 2019, The Housing Market in Cass County & SWMI

As Fall entered Cass County, overall home sales surged in October 22 percent past October 2018 (77 vs. 63). Non-waterfront home sales pushed the increase in sales with a 28 percent increase over a year ago (59 vs. 46). While waterfront home sales were up 1 percent (18 vs.17). 

Year-to-date, overall housing sales in Cass County were down 5 percent (550 vs. 578). Waterfront home sales, year-to-date, were down 17 percent (143 vs.173). Non-waterfront housing sales, year-to-date, were up by 2 houses (407 vs.405). 

Read more: October 2019, The Housing Market in Cass County & SWMI

October 2019, The Housing Market in Southwestern Michigan

As we rush through the last quarter of 2019, the housing market continued to stay strong. At the end of October, the monthly and year-to-date average and median selling prices and total dollar volume surpassed 2018 and set new records in the year-over-year comparison since 2006.

Home sales in October were up 6 percent from October 2018 (345 vs. 324). Year-to-date sales varied by 20 houses for less than 1 percent difference from 2018 (3076 vs. 3056). The year-to-date sales in October 2017 still hold the record at 3167 houses sold. 

Read more: October 2019, The Housing Market in Southwestern Michigan

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

In October, the number of single-family home sales in the South Haven zip code 49090 jumped 35 percent from October 2018 sales (23 vs. 17). Year-to-date, single-family house sales were up 15 percent (207 vs. 180).

The average selling price for single-family houses plummeted 45 percent ($307,635 vs. $561,928). The median selling price for single-family houses was down 15 percent ($215,000 vs. $ 252,275). 

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

August 2019, SWMI Housing Market - Sales Rebound/Prices Dropped 5%

“Home sales in August rebounded 25 percent from July sales (397 vs. 317). The number of completed home sales in August was the highest per month this year. The average and median selling prices dropped 5 percent in August from July. The average and median selling prices peaked in May and June.” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc. 

Read more: August 2019, SWMI Housing Market - Sales Rebound/Prices Dropped 5%