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Home Sales Improve in Michigan, Prices Fall
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Sales Improve in Michigan, Prices Fall
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:
Home Sales Improve in Michigan, Prices Fall
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

March 21, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved from January to February in Michigan while home prices edged downward according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 8,284 existing single-family homes and condos were sold in the Great Lakes State in February. That was 9.79 percent higher than the 7,545 homes sold in January and 14.34 percent higher than the 7,245 homes sold in February 2011.

The average sales price for an existing home in Michigan fell by 3.77 percent in February to $92,266, down from $95,882 in January and was 2.79 percent lower than the median price of $94,910 in February of last year.

Of the 41 locals/counties that provide data for the monthly report, 31 of the locals/counties reported gains in home sales over the previous year with Sanilac (+90.00%), West Central (+63.04%), Huron (+60.00%), Emmet (+59.09%) and St. Clair (+53.85%) reporting the largest increases.

Shiawassee (-34.21%), Midland (-24.14%), St. Joseph (-21.05%), Eastern U.P (-16.67%) and Midland (-24.14%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,207 home sales, up from 1105 the previous month, while Greater Wayne County followed with an estimated 1,152 home sales for the month, up from 1,049 in January.

Year-over-year, 24 locals/counties posted an increase in their average prices led by Sanilac (+69.54%), Central Michigan (+42.06%), Shiawassee (+40.15%), Lapeer (+27.09%), and Jackson (+22.94%).

Branch (-38.61%), Clare-Gladwin (-34.68%), Midland (-33.37%), Northeastern Michigan (-33.10%), and Hillsdale (-28.26%) posted the largest declines in year-over-year average home prices.

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

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.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

March 21, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved from January to February in Michigan while home prices edged downward according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 8,284 existing single-family homes and condos were sold in the Great Lakes State in February. That was 9.79 percent higher than the 7,545 homes sold in January and 14.34 percent higher than the 7,245 homes sold in February 2011.

The average sales price for an existing home in Michigan fell by 3.77 percent in February to $92,266, down from $95,882 in January and was 2.79 percent lower than the median price of $94,910 in February of last year.

Of the 41 locals/counties that provide data for the monthly report, 31 of the locals/counties reported gains in home sales over the previous year with Sanilac (+90.00%), West Central (+63.04%), Huron (+60.00%), Emmet (+59.09%) and St. Clair (+53.85%) reporting the largest increases.

Shiawassee (-34.21%), Midland (-24.14%), St. Joseph (-21.05%), Eastern U.P (-16.67%) and Midland (-24.14%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,207 home sales, up from 1105 the previous month, while Greater Wayne County followed with an estimated 1,152 home sales for the month, up from 1,049 in January.

Year-over-year, 24 locals/counties posted an increase in their average prices led by Sanilac (+69.54%), Central Michigan (+42.06%), Shiawassee (+40.15%), Lapeer (+27.09%), and Jackson (+22.94%).

Branch (-38.61%), Clare-Gladwin (-34.68%), Midland (-33.37%), Northeastern Michigan (-33.10%), and Hillsdale (-28.26%) posted the largest declines in year-over-year average home prices.

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

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.

March 21, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved from January to February in Michigan while home prices edged downward according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 8,284 existing single-family homes and condos were sold in the Great Lakes State in February. That was 9.79 percent higher than the 7,545 homes sold in January and 14.34 percent higher than the 7,245 homes sold in February 2011.

The average sales price for an existing home in Michigan fell by 3.77 percent in February to $92,266, down from $95,882 in January and was 2.79 percent lower than the median price of $94,910 in February of last year.

Of the 41 locals/counties that provide data for the monthly report, 31 of the locals/counties reported gains in home sales over the previous year with Sanilac (+90.00%), West Central (+63.04%), Huron (+60.00%), Emmet (+59.09%) and St. Clair (+53.85%) reporting the largest increases.

Shiawassee (-34.21%), Midland (-24.14%), St. Joseph (-21.05%), Eastern U.P (-16.67%) and Midland (-24.14%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,207 home sales, up from 1105 the previous month, while Greater Wayne County followed with an estimated 1,152 home sales for the month, up from 1,049 in January.

Year-over-year, 24 locals/counties posted an increase in their average prices led by Sanilac (+69.54%), Central Michigan (+42.06%), Shiawassee (+40.15%), Lapeer (+27.09%), and Jackson (+22.94%).

Branch (-38.61%), Clare-Gladwin (-34.68%), Midland (-33.37%), Northeastern Michigan (-33.10%), and Hillsdale (-28.26%) posted the largest declines in year-over-year average home prices.

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

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.