Sales Down – Prices Up for Michigan Five County Real Estate

Due to a lack of inventory, the dollar volume of Real Estate sales in the Five County Michigan area was lower in September 2021 than it was in September 2020. The average days on the market dropped from 111 days to 66.

Because of the demand being greater than the supply, the Average price went up 29% and the median price went up 20%. Average price in September 2021 was $460,866 while the median price was $323,500.

The total number of sales for the five county area went down 24% to 320 sales.

Click on the image below for the full report

 

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