According to the Multiple Listing Service (MLS) reports compiled today by the Michigan Association of REALTORS®, 9,314 single-family homes were sold in July, 2011, 12.68% more than the same month of the prior year. At the same time, the average sales price for Michigan homes was $113,402, 2.97% more than July, 2010, making the average selling price over $105,000 for three months in a row.
Most locals showed an increase in sales volume while Branch County, Emmet, Lenawee County, Macomb and Monroe all showed an increase in average selling price of close to 20% or more.
$105,281 – 2011 average sales price, YTD
59,921 – 2011 single family units sold, YTD
$6,308,542,801 – 2011 total sales volume, YTD
Monthly housing statistics for MAR are reported by participating Michigan REALTOR® local boards and associations.