??SWMI Home Sales Down Average Prices Up
ST. JOSEPH, MI ? "The housing market last year in April was fairly strong because buyers were taking advantage of the tax credit program. Sales this year in April dropped 19 percent from last year. The very cold and rainy weather may have put some buyers off. With the housing market heading into the peak selling season, activity should begin to escalate. We have good conditions in our market now. The average selling prices are up, but still very affordable, interest rates in April were lower than rates were just a year ago and we have a very good selection of homes," stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.