Article in the Morning Sun (Central Michigan) recaps sales results for several Michigan real estate markets. Overall, a strong first half with prices and volume increasing in 38 of 40 markets. However, results are still well below record levels set during the market peak around 2005.
Michigan’s priciest homes during the first six months were, once again, in northwestern Michigan’s Emmet County, where the average price of a home climbed nearly 14 percent to $193,641. The Ann Arbor real estate market was in second place, at $181,427, virtually the same as last year.
Statewide, the pace of sales is up 3 percent over 2009, according to the trade group, and the average sale price of $102,006 is more than 11 percent higher than the comparable period a year ago.
First-half prices increased over last year in 38 of the 40 regional markets reported by the trade group, with slight declines reported only in Branch and Lenawee counties. Both declines were less than 2 percent. Morning Sun
