February Average Selling Price Increases Nearly 20%

February Average Selling Price Increases Nearly 20%

3/19/2013

According to the MLS reports compiled by the Michigan Association of REALTORS®, 85% of reporting units reported an increase in average selling price from Feb 2013 to Feb 2012; statewide the average selling price increased by a whopping 19.19%. As inventory tightens however, 7,979 single family homes were sold in Michigan in February 2013, a decrease of 4.97% over February 2012. Key Statistics: $106,258 - 2013 average sales price, YTD 16,412 - 2013 single family units sold, YTD $1.74 billion - 2013 total sales volume, YTD Monthly housing statistics for MAR are reported by participating Michigan REALTOR® local boards and associations. Click here for 2013 February Housing Statistics Source Michigan Association of Realtors- http://mirealtors.com/content/News.htm?view=3&news_id=329&news=1%2c2