“Homebuyers in the SWMI housing market unleashed their pent-up demand again in July with astonishing increases in the number of houses sold from June to July and year-to-date. Last month the selling prices were startling and record-setting. In July, the selling prices again set records in the year-over-year comparison that dates back to 2006,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.
Read more: July 2020, SWMI Housing Market - Sales up 51% From June At Record Shattering Selling Prices
The South Haven housing market has not seen the return to a more normal market after the lifting of the shelter-in-place restrictions as most of SWMI has experienced. Selling prices soared by double-digits.
The number of single-family house sales was still down 25 percent compared to June 2019 (18 vs. 24). There were two condo sales compared to 3 in June 2019.Year-to-date, single-family house sales were down 24 percent (91 vs. 115). Condo sales, year-to-date, declined 28 percent (13 vs. 18).
Read more: June 2020, The Housing Market in South Haven 49090 and SWMI