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Home Sales Improve in Michigan, Prices Fall
Home Sales Improve in Michigan, Prices Fall
Home Sales Improve in Michigan, Prices Fall
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March 21, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved from January to February in Michigan while home prices edged downward according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 8,284 existing single-family homes and condos were sold in the Great Lakes State in February. That was 9.79 percent higher than the 7,545 homes sold in January and 14.34 percent higher than the 7,245 homes sold in February 2011.

The average sales price for an existing home in Michigan fell by 3.77 percent in February to $92,266, down from $95,882 in January and was 2.79 percent lower than the median price of $94,910 in February of last year.

Of the 41 locals/counties that provide data for the monthly report, 31 of the locals/counties reported gains in home sales over the previous year with Sanilac (+90.00%), West Central (+63.04%), Huron (+60.00%), Emmet (+59.09%) and St. Clair (+53.85%) reporting the largest increases.

Shiawassee (-34.21%), Midland (-24.14%), St. Joseph (-21.05%), Eastern U.P (-16.67%) and Midland (-24.14%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,207 home sales, up from 1105 the previous month, while Greater Wayne County followed with an estimated 1,152 home sales for the month, up from 1,049 in January.

Year-over-year, 24 locals/counties posted an increase in their average prices led by Sanilac (+69.54%), Central Michigan (+42.06%), Shiawassee (+40.15%), Lapeer (+27.09%), and Jackson (+22.94%).

Branch (-38.61%), Clare-Gladwin (-34.68%), Midland (-33.37%), Northeastern Michigan (-33.10%), and Hillsdale (-28.26%) posted the largest declines in year-over-year average home prices.

Tags: existing homes, condos, sales, median home prices, Michigan

Source:
MAR

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Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
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NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use
Helpful Tools
Mortgage
Calculator
Estimate your monthly mortgage payment
Auto Loan
Calculator
Determine how much car you can afford before buying
Learn About
Mortgage Loans
Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison
Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates
See today's mortgage rates. Shop, compare and save.

March 21, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved from January to February in Michigan while home prices edged downward according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 8,284 existing single-family homes and condos were sold in the Great Lakes State in February. That was 9.79 percent higher than the 7,545 homes sold in January and 14.34 percent higher than the 7,245 homes sold in February 2011.

The average sales price for an existing home in Michigan fell by 3.77 percent in February to $92,266, down from $95,882 in January and was 2.79 percent lower than the median price of $94,910 in February of last year.

Of the 41 locals/counties that provide data for the monthly report, 31 of the locals/counties reported gains in home sales over the previous year with Sanilac (+90.00%), West Central (+63.04%), Huron (+60.00%), Emmet (+59.09%) and St. Clair (+53.85%) reporting the largest increases.

Shiawassee (-34.21%), Midland (-24.14%), St. Joseph (-21.05%), Eastern U.P (-16.67%) and Midland (-24.14%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,207 home sales, up from 1105 the previous month, while Greater Wayne County followed with an estimated 1,152 home sales for the month, up from 1,049 in January.

Year-over-year, 24 locals/counties posted an increase in their average prices led by Sanilac (+69.54%), Central Michigan (+42.06%), Shiawassee (+40.15%), Lapeer (+27.09%), and Jackson (+22.94%).

Branch (-38.61%), Clare-Gladwin (-34.68%), Midland (-33.37%), Northeastern Michigan (-33.10%), and Hillsdale (-28.26%) posted the largest declines in year-over-year average home prices.

Tags: existing homes, condos, sales, median home prices, Michigan

Source:
MAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use
Helpful Tools

March 21, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved from January to February in Michigan while home prices edged downward according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 8,284 existing single-family homes and condos were sold in the Great Lakes State in February. That was 9.79 percent higher than the 7,545 homes sold in January and 14.34 percent higher than the 7,245 homes sold in February 2011.

The average sales price for an existing home in Michigan fell by 3.77 percent in February to $92,266, down from $95,882 in January and was 2.79 percent lower than the median price of $94,910 in February of last year.

Of the 41 locals/counties that provide data for the monthly report, 31 of the locals/counties reported gains in home sales over the previous year with Sanilac (+90.00%), West Central (+63.04%), Huron (+60.00%), Emmet (+59.09%) and St. Clair (+53.85%) reporting the largest increases.

Shiawassee (-34.21%), Midland (-24.14%), St. Joseph (-21.05%), Eastern U.P (-16.67%) and Midland (-24.14%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,207 home sales, up from 1105 the previous month, while Greater Wayne County followed with an estimated 1,152 home sales for the month, up from 1,049 in January.

Year-over-year, 24 locals/counties posted an increase in their average prices led by Sanilac (+69.54%), Central Michigan (+42.06%), Shiawassee (+40.15%), Lapeer (+27.09%), and Jackson (+22.94%).

Branch (-38.61%), Clare-Gladwin (-34.68%), Midland (-33.37%), Northeastern Michigan (-33.10%), and Hillsdale (-28.26%) posted the largest declines in year-over-year average home prices.

Tags: existing homes, condos, sales, median home prices, Michigan

Source:
MAR

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use

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