Midland County, Residential, Single Family Home Sales

Midland County, Residential, Single Family Home Sales

April’s Midland County market update is inspiring! Last month we saw some tentative downturns that were slightly concerning. April picked herself up by the bootstraps and turned the game back around with improvements in three of the four areas: more units sold, higher sales prices, and less discounting of the negotiated price. The only uptick was slightly longer days on the market, but 90 days to market a home is still indicative of a balanced Midland Michigan housing market.

As compared to 2015, there is plenty of inspiration to be found in these numbers. From April last year, the average sales price for a home in Midland County is up just over 10% and our discounts are greatly reduced. The days on market is also down over 10%. The number of Midland County home sales is down about 20% but this can likely be attributed to one or two factors: the volume of homes being listed has decreased slightly, and we are still recovering from a very mis-directed Mother Nature! I surmise this number will rebound quickly in the next 60 days.

Overall, we are in a HOT spring market, even if our weather has not caught up to us yet! If you have any questions about selling a home in Midland or the surrounding areas, please don’t hesitate to call a real estate Park Place Homes at 989-698-1100.

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