SWM Homes Sales Year In Review

Home sales in southwest Michigan were slightly down in December. The Southwest Michigan Association of Realtors tells us December of 2018 sales were down 4% from December of 2017. Also, looking at 2018 as a whole, the year did not pass 2017 when it came to homes sold. However, 2018 did set records for total dollar volume and selling prices. The association says for the year, the number of houses sold dwindled to just under 1,300 compared to 1,365 in 2017. When it comes to inventory, at the end of 2018 there was 5.1 month supply of houses for sale. For comparison, in 2010, the inventory in the region was a 12.7 month supply. The association says the rising home prices throughout 2018 was partly due to that tight inventory.