Michigan Real Estate Hot and Getting Hotter

Everything was up for Real Estate in the Five County area of Michigan comparing September 2020 to 2019.

Total dollar volume was up nearly 50% from $102,100,793 in 2019 to $151,270,406 in 2020. The highs prices were higher and the lows were higher.

Number of units sold was 423 compared to 317 in September of 2019. Days on the market also went up from 99 days in 2019 to 111 in 2020.

The average sales price went up to $357,613 in 2020 from $322,084 in 2019.

2020 was the largest September sales event in the 10 year history. To compare, the total dollar volume sales in September 2011 was $42,981,575 and the average days on the market was 204.

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