269.983.6375info@swmar.org

Press Room

October 2015, SWMI Housing Market Rebounds

ST. JOSEPH, MI ? ?Our housing market has continued a nice rebound with over 300 houses selling per month since June. The month of May missed the trend with only 297 houses sold. October sales, at 347 houses sold, was the highest number of sales than in any other October going back to 2006, the peak year in our market area. This makes the third month in a row housing sales have set this record. October 2015 home sales were up 8 percent over October 2014 and 7 percent over sales in September,? stated Gary Walter, EVP, of the?Southwestern Michigan Association of REALTORS?, Inc.

Read more: October 2015, SWMI Housing Market Rebounds

September 2015, SWMI Housing Market Sales Up Inventory Dropping

ST. JOSEPH, MI ? ?Just like the record set in August, more homes were sold in September 2015 than in any September going back to 2006. In September, 323 houses were sold compared to 293 in September 2014 for a 10 percent increase year over year. For the year, the number of houses sold was up 11 percent (2481 vs. 2229),? stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

Read more: September 2015, SWMI Housing Market Sales Up Inventory Dropping

Housing Market in Southwestern Michigan, February 2016

Housing Market in Southwestern Michigan, February 2016 | General Press Releases

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.

?

Read more: Housing Market in Southwestern Michigan, February 2016

August 2015 - SWMI Housing Market Sets Records, Nationally Sales Stall

The housing market set a new record for the highest number of houses sold in the month of August since the peak year in 2006. With 374 houses sold, the market in August was up 13 percent over August 2014 (330). This nice leap in sales occurred when the inventory of homes dropped 11 percent from last year in August,? stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

Read more: August 2015 - SWMI Housing Market Sets Records, Nationally Sales Stall

Housing Market in Southwestern Michigan, January 2016

Housing Market in Southwestern Michigan, January 2016 | General Press Releases

In spite of the historically low inventory of homes to sell, the number of houses sold increased 30 percent over January 2015 (187 vs. 144). Looking at sales in the month of January going back to 2006, January 2016 had the second highest number of houses sold. In January 2006, 206 houses were sold.

Read more: Housing Market in Southwestern Michigan, January 2016