Area Home Sales Flat In June, Prices Up

The number of existing home sales in southwest Michigan is leveling off, but the prices keep going up. The latest report from the Southwestern Michigan Association of Realtors shows 367 homes were sold in the region in June, the exact same number as last year following year-over-year increases of 20% in both April and May. Association executive Alan Jeffries says the average sales price last month jumped 14% from 2018 to $263,124 from $231,009. Existing home sales year-to-date are up 5% from last year. June’s median selling price was up 8% to $186,001 from $172,000 last year. The report covers Berrien and Cass counties along with the westerly 2/3 of Van Buren County.