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Michigan Home Sales Jump in March, Home Prices Edge Higher
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 Jump in March, Home Prices Edge Higher
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 Jump in March, Home Prices Edge Higher
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About Mortgages
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Mortgage Rates

May 10, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums jumped over 20 percent from February to March in Michigan while home prices edged up from both the previous month and the previous year according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 10,065 existing single-family homes and condos were sold in the Great Lakes State in March. That was 21.5 percent higher than the 8,284 homes sold in February and 7.2 percent higher than the 9,388 homes sold in March 2011.

The average sales price for an existing home in Michigan increased by 3.6 percent in March to $95,595, up from $92,266 in February, and was 3.1 percent higher than the median price of $92,752 in March of last year.

Of the 41 locals/counties that provide data for the monthly report, thirty-three reported gains in home sales or were unchanged over the previous year with St. Clair (+64.5%), Tuscola (+58.3%), Central Michigan (+56.25%), Clare-Gladwin (+47.8%) and the Eastern U.P. Board (+46.2%) reporting the largest increases.

Hillsdale (-64.1%), Shiawassee (-53.2%), Detroit (-13.1%), Midland (-6.67%) and Emmet (-6.0%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,437 home sales, up from 1,207 the previous month, while Greater Wayne County followed with an estimated 1,296 home sales for the month, up from 1,152 in February.

Year-over-year, 24 locals/counties posted an increase in their average prices led by St. Joseph (+99.0%), Northeastern Michigan (+49.3%), Branch County (+43.9%), Tuscola (+32.8%), and Central Michigan (+29.9%).

Sanilac (-30.6%), Antrim Charlevoix Kalkaska (-29.3%), Hillsdale (-26.91%), Greater Lansing (-26.81%), and Huron (-26.5%) 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

May 10, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums jumped over 20 percent from February to March in Michigan while home prices edged up from both the previous month and the previous year according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 10,065 existing single-family homes and condos were sold in the Great Lakes State in March. That was 21.5 percent higher than the 8,284 homes sold in February and 7.2 percent higher than the 9,388 homes sold in March 2011.

The average sales price for an existing home in Michigan increased by 3.6 percent in March to $95,595, up from $92,266 in February, and was 3.1 percent higher than the median price of $92,752 in March of last year.

Of the 41 locals/counties that provide data for the monthly report, thirty-three reported gains in home sales or were unchanged over the previous year with St. Clair (+64.5%), Tuscola (+58.3%), Central Michigan (+56.25%), Clare-Gladwin (+47.8%) and the Eastern U.P. Board (+46.2%) reporting the largest increases.

Hillsdale (-64.1%), Shiawassee (-53.2%), Detroit (-13.1%), Midland (-6.67%) and Emmet (-6.0%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,437 home sales, up from 1,207 the previous month, while Greater Wayne County followed with an estimated 1,296 home sales for the month, up from 1,152 in February.

Year-over-year, 24 locals/counties posted an increase in their average prices led by St. Joseph (+99.0%), Northeastern Michigan (+49.3%), Branch County (+43.9%), Tuscola (+32.8%), and Central Michigan (+29.9%).

Sanilac (-30.6%), Antrim Charlevoix Kalkaska (-29.3%), Hillsdale (-26.91%), Greater Lansing (-26.81%), and Huron (-26.5%) 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.

May 10, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums jumped over 20 percent from February to March in Michigan while home prices edged up from both the previous month and the previous year according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 10,065 existing single-family homes and condos were sold in the Great Lakes State in March. That was 21.5 percent higher than the 8,284 homes sold in February and 7.2 percent higher than the 9,388 homes sold in March 2011.

The average sales price for an existing home in Michigan increased by 3.6 percent in March to $95,595, up from $92,266 in February, and was 3.1 percent higher than the median price of $92,752 in March of last year.

Of the 41 locals/counties that provide data for the monthly report, thirty-three reported gains in home sales or were unchanged over the previous year with St. Clair (+64.5%), Tuscola (+58.3%), Central Michigan (+56.25%), Clare-Gladwin (+47.8%) and the Eastern U.P. Board (+46.2%) reporting the largest increases.

Hillsdale (-64.1%), Shiawassee (-53.2%), Detroit (-13.1%), Midland (-6.67%) and Emmet (-6.0%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,437 home sales, up from 1,207 the previous month, while Greater Wayne County followed with an estimated 1,296 home sales for the month, up from 1,152 in February.

Year-over-year, 24 locals/counties posted an increase in their average prices led by St. Joseph (+99.0%), Northeastern Michigan (+49.3%), Branch County (+43.9%), Tuscola (+32.8%), and Central Michigan (+29.9%).

Sanilac (-30.6%), Antrim Charlevoix Kalkaska (-29.3%), Hillsdale (-26.91%), Greater Lansing (-26.81%), and Huron (-26.5%) 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.