February 16th, 2011 1:10 PM by Eileen Denhard
Figures reported for the month of January show Michigan’s statewide average sales prices and number of sales dropped 18% from December but remained fairly unchanged between Jan, 2011 and Jan, 2010. January 2011 average sales price increased 1.38 percent over January 2010 at $101,301, above $100k for ten consecutive months.
Several local markets show an increase in 2011 to 2010 selling prices near or above 20 percent or more. While Bay County and Shiawassee both reported over 40 percent increase in number of sales with an increase in selling price of 15.66 percent and 18.34 percent respectively. Monthly housing statistics for MAR are reported by participating Michigan REALTOR® local boards and associations.