2024 SWMI & National Housing Market March Sales Plunge 14%, Selling Prices Set Records
“Southwest Michigan’s housing market sales in March 2024 plunged 14 percent compared to sales in March 2023. Selling prices continue to rise to record levels for prices in March,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc. Jeffries continued, “The number of houses sold in March dropped to 202 from 236 in March 2023. The level of sales in March 2024 was the lowest since March 2014. The highest number of sales in March was 286 in 2020. At the
2024 SWMI & National Housing Market February Closed with Lower Sales & Record Selling Prices
“Southwest Michigan’s housing market in February 2024 wiped out the sales gain started in January, and closed with 6 percent lower sales compared to February 2023 while January 2024 had a 6 percent gain in sales. Selling prices rose to record levels for prices in February,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc. Jeffries continued, “The number of houses sold in February dropped 6 percent from February 2023 (148 vs. 158). The level of