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October 2018, The Housing Market in South Haven 49090 and SWMI

In October, the number of single family home sales in the South Haven zip code 49090 decreased by 10 houses when compared to October 2017 (17 vs. 27). Year-to-date in 2018, single family home sales were down 20 percent (180 vs 224).

The average selling price for single family houses in October jumped 65 percent to $561,928 from $340,537 in October 2017. The median selling price for single family houses was up 26 percent from October 2017 ($252,275 vs. $200,000).

Read more: October 2018, The Housing Market in South Haven 49090 and SWMI

October 2018, The Housing Market in Southwestern Michigan

The dwindling inventory of houses for sale continued to raise the selling prices in SWMI to record levels in October 2018 and year-to-date. The year-to-date, total dollar volume also was the highest in the year-over-year comparison since 2006.

The number of houses sold in October 2018 was down 8 percent from October 2017 (324 vs. 354). Year-to-date, the number of houses sold was down 4 percent (3,056 vs. 3,167).

Read more: October 2018, The Housing Market in Southwestern Michigan

September 2018, The Housing Market in South Haven 49090 and SWMI

In September, the number of single family home sales in the South Haven zip code 49090 decreased by 7 houses when compared to September 2017 (21 vs. 28) Year-to-date in 2018, single family home sales were down 17 percent (163 vs 197).

The average selling price for single family houses in September rose 4 percent to $296,790 from $285,198 in September 2017. The median selling price for single family houses was up 15 percent from the September 2017 ($250,000 vs. $217,500).

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September 2018, The Housing Market in Cass County & SWMI

In September, the Cass overall housing market fell 27 percent from September 2017 (62 vs. 85). August and September in 2017 were the peak months for the year. Waterfront and non-waterfront home sales dropped by double digits; 19 and 31 percent respectively.

Year-to-date, overall home sales were down 2 percent (515 vs. 526). Waterfront home sales, year-to-date, decreased by 2 houses (156 vs. 158). Non-waterfront home sales, year-to-date, were down by 9 houses (359 vs. 368).

Read more: September 2018, The Housing Market in Cass County & SWMI

September 2018, The Housing Market in Southwestern Michigan

So far this year the housing market has continued to witness fewer home sales with home selling prices climbing. The declining inventory of houses for sale has been the key factor. Buyers across Berrien, Cass and the westerly 2/3 of Van Buren counties have been searching for houses from an inventory that has dropped 34 percent in the last five years.

The number of houses sold in September 2018 was down 2 percent from September 2017 (360 vs. 367). Year-to-date, the number of houses sold was down 3 percent (2,732 vs. 2,813).

Read more: September 2018, The Housing Market in Southwestern Michigan