July Boasts Some of the Year’s Best Numbers in Michigan

According to the MLS reports compiled by the Michigan Association of REALTORS®, 11,477 single-family homes were sold in July, 2012, an increase of 14% over July, 2011 while the July 2012 average sales price was $116,116, a 6.55% increase over the 2011. Nearly all local reporting units (31 of 41) across Michigan show an increase in average sales price over July, 2011 including Ann Arbor (11.81%), Greater Wayne County (11.9%), Jackson Area (40.69%) and Oakland County (11.06%). Nationally, existing home sales have risen 10% from comparable period last year with Michigan reporting the same increase.
With 80% of the MLSs reporting an increase in the number of home sales in July, 75% reported an increase in average selling price as well. 
Key Statistics:
$106,903 – 2012 average sales price, YTD
70,808 – 2012 single family units sold, YTD
$7.6 billion – 2012 total sales volume, YTD
Monthly housing statistics for MAR are reported by participating Michigan REALTOR® local boards and associations.

Related Posts

  1. U.S. home sales surge to near two-year high; supply at record low
  2. Brand Report: July Home Sales Jump 8.7% Despite Low Inventory, Ending Recent Skid
  3. U.S. housing starts rebound in September
  4. New-home sales increased slightly in November — and 2020 looks set to be a big year for home builders
  5. Existing-Home Sales Slide By RISMedia Staff
  6. Case-Shiller: Gains in Home Prices Resurge, Phoenix Rises
  7. Mortgage rates nose-dive to new low and bring out the buyers
  8. Despite the Recession, Home Prices Are Up 4.9% From This Time Last Year
  9. New-Home Sales Hold Steady in April
  10. NAR: Home Prices Increased Across Most Metro Areas in Second Quarter
  11. Super-low mortgage rates trigger a homebuying boom
  12. Cheap Mortgage Rates May Fuel a Rapid Rise in Home Prices, Forecast Warns
  13. Home price growth ramped up yet again in January, Case-Shiller index shows
  14. 2020 Housing Market: What the Experts Think
  15. More baby boomers stay in their homes as they reach retirement, skipping downsizing

Tags: , ,

Leave a Reply