Michigan Association of Realtors

News
Average Selling Prices Increase Hits 5-year High
7/23/2013

June housing sales reflected an increase in average selling price at its highest level in five years, according to the MLS reports compiled by the Michigan Association of REALTORS®. Over 70% of Local units reported an increase in average selling price from June 2013 compared to June 2012. Thirteen (13) Locals reporting an increase near/over 20+%, including Greater Shiawassee, Lenawee County, Tuscola County, and Water Wonderland all coming in at a whopping 53+% increase in average selling price. Statewide the average selling price increased by 7.86% at $129,696 in June 2013 compared to $120,247 in June 2012.

Key Statistics:

$118,739 - 2013 average sales price, YTD
61,491 - 2013 single family units sold, YTD
$7.3 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 June Housing Statistics

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