Market Update – April 2012

Since 2009, our housing market has experienced a steady growth in the number of homes sold, total dollar volume and selling prices until this year when we sold 22 percent more houses than we did a year ago, but the average selling price dropped 14 percent and the median selling price dropped 5 percent.

The percentage of bank-owned or foreclosed home transactions has been about the same as it was this time last year at about 42%.

With the steady growth in our market, our inventory has been shrinking. On February 29th, we had 2,504 houses listed for sale, which is down 6 percent from last year. At this inventory level, based on the last 12-month’s sales, we have a 12.6 month supply of homes for sale.

This data reflects home sales across Southwestern Michigan and should not be used to determine the market value of any individual property. If you want to know the market value of your property, please contact us!

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About Buying Kalamazoo
Matt Mulder is an award-winning real estate professional in South West Michigan as well as leader and CEO of the #1 Real Estate Team in the area. The Matt Mulder Home Selling Team consistently helps over 300 families a year with their real estate needs, and would love to help you buy and sell as well! Matt launched his career in 2006 at the age of 23 being one of the youngest professionals in the area, after graduating from Western Michigan University with a degree in Business Management. Through hard work, persistence and devotion to great client care, Matt has grown to be in the top 1% of real estate professionals in the world. His determination to treat each client with the same care and respect, no matter what, has catapulted him to the top of his game. Using tried and true methods, as well as a proven systematic approach, Matt and his team are committed to making sure each and every person is 100% satisfied with their buying or selling experience.

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