February Average Selling Price Increases Nearly 20%


WASHINGTON, D.C. – March 19, 2013 – (RealEstateRama) — According to the MLS reports compiled by the Michigan Association of REALTORS®, 85% of reporting units reported an increase in average selling price from Feb 2013 to Feb 2012; statewide the average selling price increased by a whopping 19.19%. As inventory tightens however, 7,979 single family homes were sold in Michigan in February 2013, a decrease of 4.97% over February 2012.

Key Statistics:

$106,258 – 2013 average sales price, YTD
16,412 – 2013 single family units sold, YTD
$1.74 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 February Housing Statistics


Michigan RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for Michigan Real Estate publishing community.

RealEstateRama staff editor manage to selection and verify the real estate news for State of Michigan.


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