Lake Michigan

January has been a relatively busy month, especially when compared to the frozen nature of winter 2014. Buyers are out looking at properties, hoping to get settled in before the summer. Most of my listings are seeing showing activity, and I have had buyers on all weekends so far. 

Last year was another strong year for real estate in Harbor Country, although down slightly from 2013. Total dollar volume in Harbor Country was 126 million, vs 130 million in 2013, down 3%. Days on the market is up 17% to 209 days on average last year. Units sold was up slightly to 363 from 344 in 2013, for an increase of 6%. Average sales price is down slightly to $349,000, but median sales price is up 9%.

Available inventory is down almost 6% from the same time last year, and this is causing a problem for some buyers. If you have been considering listing your home for sale, please contact me for a current market analysis of your property. Now is the right time to begin the process of listing your home, so that you are in the best position for the spring selling season.

*all data from www.swmar.org