Five County Real Estate Prices Trend Slightly Lower – Days on Market Lower

The number of sales for the Five County area of Michigan homes dropped significantly while the price remained fairly stable when comparing May 2020 to May 2019.

The actual average sales price and median price was only slightly lower than the previous year’s May, but higher than the May’s fiver prior years leading up to the boom time of May 2019.

The number of sales dropped to 116 from last years 309. Days on the market were mostly lower, averaging 104 day versus 2019 at 106.

Overall average sales price went from $299.974 in 2019 to $278,816 in 2020. The $278,816 Sales price was higher than each of the five years prior to 2019.

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