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Press Room

November 2017, SWMI Housing Market - Continues Record Setting Pace

“The SWMI housing market for all eleven months of 2017 has continued to surpass nearly all records set in 2016. November 2017 was slightly higher in the number of houses sold, total dollar volume, and average selling price than November 2016. The median selling price, however, soared 17 percent higher than in November 2016. The year-to-date numbers in 2017 were solidly ahead of 2016 which became the new peak year in our year-over-year comparison back to 2006,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.

Read more: November 2017, SWMI Housing Market - Continues Record Setting Pace

November 2017, The Housing Market in Cass County & SWMI

In November 2017, the number houses sold in Cass County overall including waterfront and non-waterfront houses was up 20 percent (71 vs. 59). Year-to-date overall sales were up 4 percent (659 vs.631).

The number of waterfront homes sold in November 2017 at 26 was up 117 percent over the 12 houses sold in November 2016. 

Non-waterfront home sales were down by 2 houses in November 2017 when compared to November 2016 (45 vs. 47). Year-to-date, non-waterfront home sales were down by 1 percent (458 vs. 464).

In November, the average selling price in Cass County for all homes soared 32 percent to $192,106 from $145,277 in November 2016. The median selling price for all homes increased 19 percent to $142,500 from $119,500 in 2016.

Read more: November 2017, The Housing Market in Cass County & SWMI

November 2017, The Housing Market in Southwestern Michigan

The SWMI housing market for all eleven months of 2017 has continued to surpass nearly all records set in 2016. November 2017 was slightly higher in the number of houses sold, total dollar volume, and average selling price than November 2016. The median selling price, however, soared 17 percent higher than in November 2016. The year-to-date numbers in 2017 were solidly ahead of 2016 which became the new peak year in our year-over-year comparison back to 2006.

Read more: November 2017, The Housing Market in Southwestern Michigan

November 2017, The Housing Market in South Haven 49090 and SWMI

Single family homes sold in the South Haven zip code 49090 during November 2017 increased by 2 houses over November 2016 (24 vs. 22). Year-to-date, the number of single family houses sold was up 18 percent (248 vs.210).

The average selling price for single family houses in November plummeted 28 percent to $212,991 from $296,737 in November 2016. Year-to-date, the average selling price was down 6 percent ($266,120 vs. $282,667).

The median selling price for single family houses fell 8 percent to $179,000 from $194,500 in November 2016. Year-to-date, the median selling price increased 8 percent ($189,000 vs. $ 175,000).

Read more: November 2017, The Housing Market in South Haven 49090 and SWMI

October 2017, The Housing Market in Cass County & SWMI

Overall in October 2017, there was just one more house sold in Cass County than in October 2016. There were 63 overall home sales which was 2 percent higher than the 62 in October 2016. Year-to-date overall sales were up 3 percent (589 vs. 572).

The number of waterfront homes sold in October decreased 19 percent (17 vs. 21). Year-to-date, waterfront home sales were up 13 percent (175 vs. 155). Non-waterfront home sales rose 12 percent from 41 in October 2016 to 46 in October 2017. Year-to-date, non-waterfront home sales were down by 3 houses (414 vs. 417).

Read more: October 2017, The Housing Market in Cass County & SWMI