“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
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