Five County Michigan Real Estate Simmers Down
Total real estate dollar sales and the number of sales in 2021 were below July 2020 numbers. 2021 total dollar sales numbers still exceeded July 2019 numbers. The number of sales from 2021 compared to 2019 however were nearly 25% lower going from 411 sales in 2020 to 314 sales in 2021.
While sales numbers are smaller, the average and median prices continue their positive movement with the average price raising 17% and the median price of nearly 20% comparing July 2021 to July 2020.
The only anomalies towards upward trends from 2021 to 2020 pricing came from Leelanau County who’s average price dropped from $603,075 to $544,950. Another anomaly was a median sales price drop in Antim County to a median price from $258,000 to $245,000.
Average days on the market dropped from 95 in 2020 to 57 day in 2021.
Click on the Image Below for the entire sales report or click here.