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August 2020, SWMI Housing Market - Sales up 15% At Record Shattering Sellings Prices

“The August 2020 SWMI housing market continued the frantic pace started in June. While the summer months are typically referred to as ‘the peak selling season’, the number of sales from June through August has accounted for 57 percent of year-to-date home sales. August sales, selling prices, and total dollar volume escalated well past previous peak year records dating back to 2006.,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.

Read more: August 2020, SWMI Housing Market - Sales up 15% At Record Shattering Sellings Prices

July 2020, SWMI Housing Market - Sales up 51% From June At Record Shattering Selling Prices

“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

February 2016 - SWMI Housing Market Sales Up - Prices Drop

ST. JOSEPH, MI ? ?The housing market in February continued the positive pace started in January. The number of houses sold increased by double digits while the average and median selling prices held within 2 percent or less when compared to February 2015. Homebuyers in February found average and median selling prices that were significantly lower than in January,? stated Gary Walter, EVP, of the Southwestern Michigan Association of REALTORS?, Inc.

?The number of houses sold in February was up 14 percent over February 2015 (194 vs. 170). Sales in February were just 4 houses shy of the record set in February 2006 (198); which we consider to be the peak year for our local market. With the robust start in January, year-to-date, the number of houses sold were up 21 percent over 2015 (381 vs. 314),? said Walter.

Read more: February 2016 - SWMI Housing Market Sales Up - Prices Drop

August 2019, SWMI Housing Market - Sales Rebound/Prices Dropped 5%

“Home sales in August rebounded 25 percent from July sales (397 vs. 317). The number of completed home sales in August was the highest per month this year. The average and median selling prices dropped 5 percent in August from July. The average and median selling prices peaked in May and June.” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc. 

Read more: August 2019, SWMI Housing Market - Sales Rebound/Prices Dropped 5%

The Housing Market in Southwestern Michigan - September 2010

After the surge of homes sold during the first quarter, thanks to the Stimulus Tax Credit, we have seen a steady drop in the number of houses sold each month, compared to the same month in 2009, to the point that our year-to-date number has dipped 3 percent below where we were at in September 2009.? The good news for sellers is that we have continued to see the average and median selling prices steadily increase each month.? At the end of the third quarter, average and median selling prices were up 9 percent over selling prices at this time in 2009.? The higher selling prices have kept the year-to-date total dollar volume up 6 percent over last year.

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Read more: The Housing Market in Southwestern Michigan - September 2010