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June 2019, The Housing Market in Southwestern Michigan

The exact same number of houses, 367, was sold in June 2019 as in June 2018. In the previous two months, (April and May), sales of homes were increasing by over 20 percent each month. June sales only increased 2 percent or 6 houses over sales in May. Houses sold in June 2019 had an average selling price of 14 percent higher than those sold in June 2018. 

At the end of the second quarter, the number of houses sold year-to-date increased 5 percent in June 2019 over the previous year (1669 vs. 1595). 

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

May 2019, SWMI Housing Market - Peak Selling Season Off To Good Start

“The peak season for the housing market is off to a good start. In April, we saw a 27 percent increase over March in the number of houses sold and in May we had a 22 percent increase over April. The total dollar volume in May and for year-to-date, and the average and median selling prices in May and for year-to-date all set new records in the year-over-year comparison from 2006. The number of homes sold in May set a new record, but the year-to-date number of houses sold fell short by just four houses from the record 1,306 sold in 2017,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.

Read more: May 2019, SWMI Housing Market - Peak Selling Season Off To Good Start

May 2019, The Housing Market in Cass County & SWMI

Overall home sales in May dropped 9 percent from what sold in May 2018 (60 vs. 66). Sales of waterfront houses increased 33 percent (24 vs. 18). Non-waterfront home sales fell 25 percent (36 vs. 48).

Year-to-date, overall housing sales in May 2019 were 214 versus 237 in May 2018. Waterfront home sales were down 23 percent in May 2019 (46 vs. 60). Non-waterfront housing sales were down by nine houses (168 vs. 177).

The overall average selling price rose 40 percent to $271,616 vs. $194,231 in May 2018. The overall median selling price in May sky-rocketed 61 percent to $197,500 from the $123,000 in May 2018.

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

May 2019, SWMI Housing Market - Peak Selling Season Off To Good Start

“The peak season for the housing market is off to a good start. In April, we saw a 27 percent increase over March in the number of houses sold and in May we had a 22 percent increase over April. The total dollar volume in May and for year-to-date, and the average and median selling prices in May and for year-to-date all set new records in the year-over-year comparison from 2006. The number of homes sold in May set a new record, but the year-to-date number of houses sold fell short by just four houses from the record 1,306 sold in 2017,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.

Read more: May 2019, SWMI Housing Market - Peak Selling Season Off To Good Start

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

In May, the number of single-family home sales in the South Haven zip code 49090 was up by one house when compared to May 2018 (21 vs. 20). Year-to-date, single-family house sales were up 30 percent (91 vs. 70).

The average selling price for single-family houses dropped 6 percent from May 2018 ($366,543 vs. $391,499). The median selling price for single-family houses decreased 32 percent to $176,000 compared to $257,450 in May 2018.

Condo sales increased by two condos in May 2019 (6 vs. 4). Year-to-date, condo sales were down by one condo (15 vs. 16).

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