“The SWMI housing market for the past nine months has surpassed the record numbers set in 2016. Historically, 2006 had been the peak year for the local housing market. It took ten years for the market to rebuild economically to the point where 2016 became the new peak year. Now, in 2017 the dwindling inventory of houses for sale could help to set a new benchmark year,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.
Read more: September 2017, SWMI Housing Market Low Inventory - High Selling Prices
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