WASHINGTON, D.C. – October 30, 2013 – (RealEstateRama) — The third quarter ended with housing sales continuing to reflect an increase in average selling price, reaching over $130,000 for the third month in a row. According to the MLS reports compiled by the Michigan Association of REALTORS®. Over 85% of local units reported an increase in average selling price from September 2013 compared to September 2012. Seventeen (17) locals reported an increase near/over 20+%, with Antrim Charlevoix Kalkaska, Branch County, Detroit, Greater Shiawassee, Montcalm County and Sanilac County all coming in at an impressive 30+% increase in average selling price. Statewide the average selling price increased by 14.71% at $132,408 in September 2013 compared to $115,426 in September 2012.
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Key Statistics:
$124,646 – 2013 average sales price, YTD
97,042 – 2013 single family units sold, YTD
$12.0 billion – 2013 total sales volume, YTD
Monthly housing statistics for MAR are reported by participating Michigan REALTOR® local boards and associations.
Click here for 2013 September Housing Statistics
