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Press Room

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

The number of single family home sold in the South Haven zip code 49090 during June increased 35 percent over June 2016 (31 vs.23). Year-to-date, the number of single family houses sold was up 24 percent (119 vs.96).

The average selling price for single family houses in June fell 21 percent to $250,526 from $ 319,017 in June 2016. Year-to-date, the average selling price was up 5 percent ($282,967 vs. $ 270,041).

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

May 2017, SWMI Housing Market Sales Down-Selling Prices Up

While the housing market in April shattered all records, May missed one. The number of houses sold in May was down 4 percent from May 2016. Which boils down to sixteen fewer homes were sold. The smaller sales volume still resulted in records for total dollar volume and average and median selling prices in May in our comparison going back to 2006,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.

Read more: May 2017, SWMI Housing Market Sales Down-Selling Prices Up

May 2017, The Housing Market in Southwestern Michigan

While the housing market in April shattered all records, May missed one. The number of houses sold in May was down 4 percent from May 2016. Which boils down to sixteen fewer homes were sold. The smaller sales volume still resulted in records for total dollar volume and average and median selling prices in May in our comparison going back to 2006.

When you consider that the housing inventory dropped 14 percent from May 2016, it signals that buyers are still anxious to purchase a home and are competitive about it. At the end of May, there were 1,956 houses for sale compared to 2,283 houses in May 2016. At this level, we had just 6.5-months supply of houses for sale going into the peak selling season. For comparison, in May 2010 the inventory was at 3602 houses for sale which was 16.4-months supply.

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