The number of houses sold in Cass County in September was almost the same as in August (85 vs. 87). Compared to a year ago, the overall sales were up 9 percent (85 vs 78). The extra boost in September overall house sales pushed the year-to-date sales up to 3 percent higher than in 2016 (526 vs. 510).
The number of waterfront homes sold in September increased by 4 houses for an 18 percent increase (26 vs. 22). Year-to-date, waterfront home sales were up 18 percent (158 vs. 134). Non-waterfront home sales rose 5 percent from 56 in September 2016 to 59 in September 2017. Year-to-date, non-waterfront home sales were down 2 percent below sales in 2016 (368 vs. 376).
Read more: September 2017, The Housing Market in Cass County & SWMI
“After four months of selling prices holding fairly steady, the average and median selling prices dropped. The average selling price in August fell 12 percent from July ($196,723 vs. 224,705) and the median selling price slipped 3 percent ($159,500 vs. $164,819),” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.
Read more: SWMI August 2017, Housing Market Selling Prices Drop