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Press Room

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

Single family homes sold in the South Haven zip code 49090 during November 2017 increased by 2 houses over November 2016 (24 vs. 22). Year-to-date, the number of single family houses sold was up 18 percent (248 vs.210).

The average selling price for single family houses in November plummeted 28 percent to $212,991 from $296,737 in November 2016. Year-to-date, the average selling price was down 6 percent ($266,120 vs. $282,667).

The median selling price for single family houses fell 8 percent to $179,000 from $194,500 in November 2016. Year-to-date, the median selling price increased 8 percent ($189,000 vs. $ 175,000).

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

November 2017, The Housing Market in Southwestern Michigan

The SWMI housing market for all eleven months of 2017 has continued to surpass nearly all records set in 2016. November 2017 was slightly higher in the number of houses sold, total dollar volume, and average selling price than November 2016. The median selling price, however, soared 17 percent higher than in November 2016. The year-to-date numbers in 2017 were solidly ahead of 2016 which became the new peak year in our year-over-year comparison back to 2006.

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

October 2017, The Housing Market in Southwestern Michigan

October 2017 for the SWMI housing market became the 10 month for the year to smash all previous records set in October 2016 and record numbers set historically back to 2006. The warm fall season and quickly vanishing inventory may have kept buyers motivated along with the mortgage rates remaining low at around 4 percent locally.

The number of houses sold in October 2017 increased 9 percent to 354 over 326 in October 2016. Year-to-date, the number of houses sold increased 5 percent (3167 vs. 3007).

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

October 2017, The Housing Market in Cass County & SWMI

Overall in October 2017, there was just one more house sold in Cass County than in October 2016. There were 63 overall home sales which was 2 percent higher than the 62 in October 2016. Year-to-date overall sales were up 3 percent (589 vs. 572).

The number of waterfront homes sold in October decreased 19 percent (17 vs. 21). Year-to-date, waterfront home sales were up 13 percent (175 vs. 155). Non-waterfront home sales rose 12 percent from 41 in October 2016 to 46 in October 2017. Year-to-date, non-waterfront home sales were down by 3 houses (414 vs. 417).

Read more: October 2017, The Housing Market in Cass County & SWMI

September 2017, SWMI Housing Market Low Inventory - High Selling Prices

“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