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Press Room

November, 2014 ? SWMI November Housing Sales and Prices Drop

ST. JOSEPH, MI ? "Our market was very active from May through September and then there was a small set back in October. In November, the market experienced a double- digit decline for total dollar volume in sales and for average and median selling prices when compared to October and to November 2013," stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

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Read more: November, 2014 ? SWMI November Housing Sales and Prices Drop

January 2016, Record Setting January SWMI Housing Market

ST. JOSEPH, MI ? ?January was a record setting month in many ways for Southwestern Michigan. When comparing the numbers back to the peak year of 2006, our current market seems to be very robust,? stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

??In spite of the historically low inventory of homes to sell, the number of houses sold increased 30 percent over January 2015 (187 vs. 144). Looking at sales in the month of January going back to 2006, January 2016 had the second highest number of houses sold. In January 2006, 206 houses were sold,? said Walter.

Read more: January 2016, Record Setting January SWMI Housing Market

Selling Prices Maintain Steady Growth in Local Housing Market for 2014

ST. JOSEPH, MI ?"December selling prices rebounded from the setback in prices in November helping to keep the market's year-end total dollar volume almost even with that in 2013. In fact, the total dollar volume was only $599, 111 higher in 2014. The number of houses sold slipped 3 percent below the number sold in 2013. So while 101 fewer houses were sold, the increase in selling prices boosted the 2014 housing market total dollar volume," stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

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Read more: Selling Prices Maintain Steady Growth in Local Housing Market for 2014

December 2015, Housing Market Up Double Digits

ST. JOSEPH, MI ? ?The housing market in December certainly saw no freeze in the overall process. The number of houses sold, total dollar volume, and selling prices were up double digits over December 2014. All of 2015 showed a nice increase over 2014 making buyers and sellers happy. If there is a negative, it is the low housing inventory which continued to decline though out 2015,? stated Gary Walter, EVP, of the?Southwestern Michigan Association of REALTORS?, Inc.

Read more: December 2015, Housing Market Up Double Digits