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June Home Sales Lower in Michigan
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You're Now Reading:
June Home Sales Lower in Michigan
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
June Home Sales Lower in Michigan
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August 15, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums fell slightly from May to June in Michigan but home prices continued their strong showing, increasing by over eight percent from May according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 11,693 existing single-family homes and condos were sold in the Great Lakes State in June. That was 179 sales lower than the 11,516 homes sold in May but still 7.1 percent higher than the 10,916 homes sold in June 2011.

The average sales price for an existing home in Michigan increased by 8.5 percent in June to $120,999, up from $111,535 in May, and was 6.1 percent higher than the median price of $114,033 in June of last year.

Of the 41 boards and counties that provide data for the monthly report, thirty reported gains in home sales or were unchanged over the previous year with Huron (+80.0%), Branch County (+67.2%), St. Joseph County (+42.3%), Mason-Oceana-Manistee (+36.7%) and West Central (+33.8%) reporting the largest increases.

Shiawassee (-42.1%), Clare-Gladwin (-28.6%), Bay County (-18.6%), and Hillsdale County (-14.3%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,693 home sales, down from 1,717 the previous month, while Greater Wayne County followed with an estimated 1,519 home sales for the month, up from 1,490 in May.

Year-over-year, twenty-five boards and counties posted an increase in their average prices led by Huron (+138.8%), Antrim Charlevoix Kalkaska (+112.3%), Southwestern Michigan (+55.9%), St. Joseph (+32.3%), and Hillsdale (+29.4%).

Tuscola (-48.1%), Branch County (-32.5%), Clare-Gladwin (-18.6%), Lenawee (-19.8%), and Monroe (-13.9%) posted the largest declines in year-over-year average home prices.

Through the end of June, home sales in Michigan were 9.7 percent higher than they were at the same time last year.

Tags: Michigan real estate, existing homes, condos, sales, median home prices

Source:
MAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
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Tips
Home Selling
Tips
About
Mortgages
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Calculator
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Rates

August 15, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums fell slightly from May to June in Michigan but home prices continued their strong showing, increasing by over eight percent from May according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 11,693 existing single-family homes and condos were sold in the Great Lakes State in June. That was 179 sales lower than the 11,516 homes sold in May but still 7.1 percent higher than the 10,916 homes sold in June 2011.

The average sales price for an existing home in Michigan increased by 8.5 percent in June to $120,999, up from $111,535 in May, and was 6.1 percent higher than the median price of $114,033 in June of last year.

Of the 41 boards and counties that provide data for the monthly report, thirty reported gains in home sales or were unchanged over the previous year with Huron (+80.0%), Branch County (+67.2%), St. Joseph County (+42.3%), Mason-Oceana-Manistee (+36.7%) and West Central (+33.8%) reporting the largest increases.

Shiawassee (-42.1%), Clare-Gladwin (-28.6%), Bay County (-18.6%), and Hillsdale County (-14.3%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,693 home sales, down from 1,717 the previous month, while Greater Wayne County followed with an estimated 1,519 home sales for the month, up from 1,490 in May.

Year-over-year, twenty-five boards and counties posted an increase in their average prices led by Huron (+138.8%), Antrim Charlevoix Kalkaska (+112.3%), Southwestern Michigan (+55.9%), St. Joseph (+32.3%), and Hillsdale (+29.4%).

Tuscola (-48.1%), Branch County (-32.5%), Clare-Gladwin (-18.6%), Lenawee (-19.8%), and Monroe (-13.9%) posted the largest declines in year-over-year average home prices.

Through the end of June, home sales in Michigan were 9.7 percent higher than they were at the same time last year.

Tags: Michigan real estate, existing homes, condos, sales, median home prices

Source:
MAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

August 15, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums fell slightly from May to June in Michigan but home prices continued their strong showing, increasing by over eight percent from May according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 11,693 existing single-family homes and condos were sold in the Great Lakes State in June. That was 179 sales lower than the 11,516 homes sold in May but still 7.1 percent higher than the 10,916 homes sold in June 2011.

The average sales price for an existing home in Michigan increased by 8.5 percent in June to $120,999, up from $111,535 in May, and was 6.1 percent higher than the median price of $114,033 in June of last year.

Of the 41 boards and counties that provide data for the monthly report, thirty reported gains in home sales or were unchanged over the previous year with Huron (+80.0%), Branch County (+67.2%), St. Joseph County (+42.3%), Mason-Oceana-Manistee (+36.7%) and West Central (+33.8%) reporting the largest increases.

Shiawassee (-42.1%), Clare-Gladwin (-28.6%), Bay County (-18.6%), and Hillsdale County (-14.3%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,693 home sales, down from 1,717 the previous month, while Greater Wayne County followed with an estimated 1,519 home sales for the month, up from 1,490 in May.

Year-over-year, twenty-five boards and counties posted an increase in their average prices led by Huron (+138.8%), Antrim Charlevoix Kalkaska (+112.3%), Southwestern Michigan (+55.9%), St. Joseph (+32.3%), and Hillsdale (+29.4%).

Tuscola (-48.1%), Branch County (-32.5%), Clare-Gladwin (-18.6%), Lenawee (-19.8%), and Monroe (-13.9%) posted the largest declines in year-over-year average home prices.

Through the end of June, home sales in Michigan were 9.7 percent higher than they were at the same time last year.

Tags: Michigan real estate, existing homes, condos, sales, median home prices

Source:
MAR

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.