“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
Single family homes sold in the South Haven zip code 49090 during August 2017 rose 50 percent from August 2016 (24 vs. 16). Year-to-date, the number of single family houses sold was up 23 percent (169 vs.137).
The average selling price for single family houses in August slipped by 1 percent to $215,346 from $217,919 in August 2016. Year-to-date, the average selling price was down18 percent ($258,674 vs. $263,364).
Read more: August 2017, The Housing Market in South Haven 49090 and SWMI