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March 2020, The Housing Market in Southwestern Michigan

At the end of the first quarter of 2020 that included months of economic speculation and the need for social distancing, the number of houses sold only declined by 5 percent from the first quarter in 2019. The housing market inventory of homes for sale also dropped by 4 percent, potentially contributing to the lower number of sales. Selling prices set record levels each month. Year-to-date selling prices at the end of the first quarter also set records in the year-over-year comparison back to 2006.

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