In February, the SWMI housing market began to warm up after a dismal start to the year in January. The number of houses sold in February bounced up to 235 from 175 sold in January for 34 percent increase. In the year-over-year comparison back to 2006, February 2019 was the highest sales overall which included a 28 percent increase over February 2018 (235 vs. 184). Year-to-date, February sales were up 10 percent over February 2018 (410 vs. 374).
Read more: February 2019, The Housing Market in Southwestern Michigan
ST. JOSEPH, MI ? ?The housing market in February continued the positive pace started in January. The number of houses sold increased by double digits while the average and median selling prices held within 2 percent or less when compared to February 2015. Homebuyers in February found average and median selling prices that were significantly lower than in January,? stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.
?The number of houses sold in February was up 14 percent over February 2015 (194 vs. 170). Sales in February were just 4 houses shy of the record set in February 2006 (198); which we consider to be the peak year for our local market. With the robust start in January, year-to-date, the number of houses sold were up 21 percent over 2015 (381 vs. 314),? said Walter.
Read more: February 2016 - SWMI Housing Market Sales Up - Prices Drop