March Average Selling Price Reported at Over 20%


WASHINGTON, D.C. – May 2, 2013 – (RealEstateRama) — According to the MLS reports compiled by the Michigan Association of REALTORS®, 95% of reporting units reported an increase in average selling price from Mar 2013 to Mar 2012; with 17 locals reporting an increase at/near 20+%. Statewide the average selling price increased by 20.71%. With inventory still being an issue however, 10,114 single family homes were sold in Michigan in March 2013, a decrease of 2.39% over March 2012.

Key Statistics:

$111,020 – 2013 average sales price, YTD
26,526 – 2013 single family units sold, YTD
$2.94 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 March 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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