Southwest Michigan seeing some indicators improving market

According to Southwest Michigan Association of Realtors, and EVP Gary Walters, southwest

Michigan is continuing to see positive indicators in the real estate market.  Mr. Walters

stated, "Houses closed and sold were up thirteen percent over those sold in April.  May of

this year was only six percent behind May 2008.  The total dollar volume for the month

was down 11% vs May 2008.  ($ 35 million'09 vs $40 million '08) "  The areas that these

numbers reflect are  western pt. Van Buren,  all of Berrien, and Cass counties.

It is encouraging to see positive indicators in the overall area.  However, New Buffalo

continues to be a buyers market.  Currently, twenty-seven properties have closed

with a sales volume of $9 million.  The prices ranged from $43,000-$1.1 million.

This is substantially lower than 2008.  As of June 30, 2008 42 properties had closed

with a sales voluume of $24 million.  There are currentlly 18 properties under contract.

There are 234 active listings.  http://www.redarrownews.com/Housing-May2009.html

8:55 AM - Jul. 2, 2009 - comments {0} - post comment
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