SWMI Housing Market Posts Strong 2019

swmirealtors-20
swmirealtors-20

Robust and record setting are a couple of terms to use to describe the housing market in southwest Michigan for 2019. The average sales price for the year rose nearly $7,000 from 2018 to set a new record at $240,525, while the median price rose $14,000 to $179,000. The Southwestern Michigan Association of Realtors says total dollar volume also set a record at just over $867.8 million, a 3% increase from the nearly $839.4 million in 2018. The number of homes sold in Berrien and Cass counties and the western two-thirds of Van Buren County came in at 3,607, down from the peak in 2017 of 3,733. For December, the number of homes sold fell by 6%, but the average sales price rose 8% and the median sales price was up 7%.