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

In January, the number of single family home sales in the South Haven zip code 49090 fell one short from January 2018 (10 vs. 11).

The average selling price for single family houses in January jumped 12 percent to $316,790 from $282,118 in January 2018. The median selling price for single family houses increased 20 percent to $246,950 compared to $205,000 in January 2018.

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

February 2016 - SWMI Housing Market Sales Up - Prices Drop

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

January 2019, The Housing Market in Southwestern Michigan

After two peak years in 2016 and 2017, the 2018 local housing market only outpaced the previous years in selling prices and total dollar volume. The housing market in January 2019 started out about where it was in 2015.

It is not unusual for January to be the least productive month of any given year. For a variety of reasons buyers and sellers push to close in December before year end. When we compare the number of houses sold and closed in December to January of the next year, there has been 25 to 37 percent drop in houses sold over the last five years. For example, home sales in January 2019 were 35 percent below sales in December 2018 (175 vs. 269).

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

The Housing Market in Southwestern Michigan - September 2010

After the surge of homes sold during the first quarter, thanks to the Stimulus Tax Credit, we have seen a steady drop in the number of houses sold each month, compared to the same month in 2009, to the point that our year-to-date number has dipped 3 percent below where we were at in September 2009.? The good news for sellers is that we have continued to see the average and median selling prices steadily increase each month.? At the end of the third quarter, average and median selling prices were up 9 percent over selling prices at this time in 2009.? The higher selling prices have kept the year-to-date total dollar volume up 6 percent over last year.

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Read more: The Housing Market in Southwestern Michigan - September 2010