Home sales in August rebounded 25 percent from July sales (397 vs. 317). The number of completed home sales in August was the highest per month this year. The average and median selling prices dropped 5 percent in August from July. The average and median selling prices peaked in May and June.
Comparing August 2019 to August 2018, the number of houses sold varied by 10 houses (397 vs. 387) for a 3 percent increase in August 2019. Year-to-date home sales in August were up by just 11 houses (2383 vs. 2372).
Read more: August 2019, The Housing Market in Southwestern Michigan
Overall home sales in July fell 15 percent from what sold in July 2018 (58 vs. 68). Sales of waterfront houses dropped 8 percent (22 vs. 24). Non-waterfront home sales decreased by 8 houses for an 18% percent drop from July 2018 (36 vs. 44).
Year-to-date, overall housing sales in Cass County were down 10 percent (341 vs. 381) as a result of fewer waterfront house sales. Waterfront home sales, year-to-date, were down 23 percent (82 vs. 107). Non-waterfront housing sales, year-to-date, were down 5 percent (259 vs. 274).
Read more: July 2019, The Housing Market in Cass County & SWMI