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

June 8, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums were flat from March to April in Michigan but remained above year ago levels while home prices continued to improve according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 10,136 existing single-family homes and condos were sold in the Great Lakes State in April. That was 0.7 percent higher than the 10,065 homes sold in March and 3.5 percent higher than the 9,797 homes sold in April 2011.

The average sales price for an existing home in Michigan increased by 8.9 percent in April to $104,058, up from $95,595 in March, and was 9.7 percent higher than the median price of $94,837 in April of last year.

Of the 41 locals/counties that provide data for the monthly report, twenty-nine reported gains in home sales or were unchanged over the previous year with Huron (+160.0%), Sanilac (+80.0%), Branch (+64.3%), Hillsdale (+63.6%) and Emmet (+46.4%) reporting the largest increases.

Shiawassee (-52.7%), Battle Creek (-26.2%), Detroit (-22.2%), Saginaw (-21.1%) and Paul Bunyan (-11.6%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,448 home sales, up from 1,437 the previous month, while Greater Wayne County followed with an estimated 1,291 home sales for the month, down slightly from 1,296 in March.

Year-over-year, twenty-nine locals/counties posted an increase in their average prices led by Lenawee (+51.0%), St. Clair (+39.3%), Lapeer (+37.8%), Traverse Area (+36.5%) and Water Wonderland (+33.2%).

Huron (-24.1%), St. Joseph (-19.3%), Shiawassee (-16.4%), Tuscola (-15.7%), and Greater Lansing (-14.5%) 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

June 8, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums were flat from March to April in Michigan but remained above year ago levels while home prices continued to improve according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 10,136 existing single-family homes and condos were sold in the Great Lakes State in April. That was 0.7 percent higher than the 10,065 homes sold in March and 3.5 percent higher than the 9,797 homes sold in April 2011.

The average sales price for an existing home in Michigan increased by 8.9 percent in April to $104,058, up from $95,595 in March, and was 9.7 percent higher than the median price of $94,837 in April of last year.

Of the 41 locals/counties that provide data for the monthly report, twenty-nine reported gains in home sales or were unchanged over the previous year with Huron (+160.0%), Sanilac (+80.0%), Branch (+64.3%), Hillsdale (+63.6%) and Emmet (+46.4%) reporting the largest increases.

Shiawassee (-52.7%), Battle Creek (-26.2%), Detroit (-22.2%), Saginaw (-21.1%) and Paul Bunyan (-11.6%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,448 home sales, up from 1,437 the previous month, while Greater Wayne County followed with an estimated 1,291 home sales for the month, down slightly from 1,296 in March.

Year-over-year, twenty-nine locals/counties posted an increase in their average prices led by Lenawee (+51.0%), St. Clair (+39.3%), Lapeer (+37.8%), Traverse Area (+36.5%) and Water Wonderland (+33.2%).

Huron (-24.1%), St. Joseph (-19.3%), Shiawassee (-16.4%), Tuscola (-15.7%), and Greater Lansing (-14.5%) 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.

June 8, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums were flat from March to April in Michigan but remained above year ago levels while home prices continued to improve according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 10,136 existing single-family homes and condos were sold in the Great Lakes State in April. That was 0.7 percent higher than the 10,065 homes sold in March and 3.5 percent higher than the 9,797 homes sold in April 2011.

The average sales price for an existing home in Michigan increased by 8.9 percent in April to $104,058, up from $95,595 in March, and was 9.7 percent higher than the median price of $94,837 in April of last year.

Of the 41 locals/counties that provide data for the monthly report, twenty-nine reported gains in home sales or were unchanged over the previous year with Huron (+160.0%), Sanilac (+80.0%), Branch (+64.3%), Hillsdale (+63.6%) and Emmet (+46.4%) reporting the largest increases.

Shiawassee (-52.7%), Battle Creek (-26.2%), Detroit (-22.2%), Saginaw (-21.1%) and Paul Bunyan (-11.6%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,448 home sales, up from 1,437 the previous month, while Greater Wayne County followed with an estimated 1,291 home sales for the month, down slightly from 1,296 in March.

Year-over-year, twenty-nine locals/counties posted an increase in their average prices led by Lenawee (+51.0%), St. Clair (+39.3%), Lapeer (+37.8%), Traverse Area (+36.5%) and Water Wonderland (+33.2%).

Huron (-24.1%), St. Joseph (-19.3%), Shiawassee (-16.4%), Tuscola (-15.7%), and Greater Lansing (-14.5%) 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.