March 2018

Local Market Review: March 2018 Housing Data

Housing data released by MIBOR from the BLC® Listing Service today shows (year-over-year):

• Pending Sales: increased 30.5 percent in March, and increased 13.0 percent for the quarter**
• Closed Sales: decreased 7.5 percent in March, 0.2 percent for the quarter
• Median Sales Price: up 11.2 percent in March to $173,500
• Average Sales Price: up 10.6 percent in March to $209,313
• New Listings: decreased 8.8 percent in March, and dropped 7.5 percent for the quarter
• Months of Inventory dropped to 1.9**

source: MIBOR Realtor Association