2016 A Benchmark Year For SWM Housing Market

The housing market in Southwest Michigan has started 2017 in a strong position. The Southwest Michigan Association of Realtors tells our newsroom it posted the highest numbers across the board in the year-over-year comparison since 2006 last year. Association Executive Philip Amodeo says the number of homes sold in 2016 versus 2015 was up 9%. December alone was up by 16% over December of 2015. Total dollar volume is also up for the year by 12%, and the average selling price is up 3%. Amodeo notes the region’s real estate market has been improving since 2012, when the slide that started in 2006 finally ended. Nationally, the housing market closed out 2016 having had its best year in a decade.