Michigan housing sales increase in April

by MAR Staff Writer Jennifer Buske

Michigan housing sales for April show no signs of slowing down and remain very active, according to the latest statistics from the Michigan Association of REALTORS®.

“These numbers are very positive for REALTORS®,” said MAR President Gil White, Haslett. “Last year was a record year for sales. We are close to that level again; meaning the market is still active and it’s a good time to buy. We encourage anyone who is interested in selling or buying a home to contact a REALTOR® because now is the time to do it.”

A total of 35,437 units were sold in April, an increase of 5.66 percent from last year’s 33,437 total. The Livingston County area and the northeastern part of Michigan saw the biggest increases in residential units sold. Livingston County saw a gain of 28.32 percent from last April and the northeastern area saw a gain of 24.84 percent.

“We have continued to see a steady growth in the housing industry,” said Thom Rademacher, president of the Livingston County Association of REALTORS®. “There has been a lot of new construction out here. And a lot more people are coming out this way.”

The average price of residential units increased from $136,321 in April 2003 to $139,601 in April 2004—a 2.41 percent increase. St. Joseph County saw a 23.73 percent increase in the average price of a residential unit. This was the largest increase in the state of Michigan.