ccording to the Multiple Listing Service (MLS) reports compiled today by the Michigan Association of REALTORS, 9,043 single-family homes were sold in May, 2011, 8.98% fewer than the same month of the prior year. At the same time, the average sales price for Michigan homes was $105,790, 2.8% more than May, 2010.
Despite the decrease in sales volume, the Eastern Upper Peninsula Board and Grand Rapids Associations both showed an increase in sales of 37.5% and 47.29% respectively while reporting an increase in average selling price of 5.01% and 4.05% respectively.
Key Statistics:
$100,204 2011 average sales price, YTD
40,447 2011 single family units sold, YTD
$4,052,951,188 2011 total sales volume, YTD
40,447 2011 single family units sold, YTD
$4,052,951,188 2011 total sales volume, YTD
Monthly housing statistics for MAR are reported by participating Michigan REALTOR® local boards and associations.
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