Harbor Springs Real Estate Market Update: 2018 vs. 2019. Following the national trend our local real estate market continues to show a strong and improving seller’s market. You’ve probably caught the headlines or heard it from other real estate agents before, but we wanted to provide you with real data
Data from NMMLS 6/12/2019 6/12/2019
Birchwood Farms Golf & Country Club has had 27 homes and condos sell as of 10/31/2018 this year; a 13% increase over this time last year. Interestingly, properties took longer to sell yet the gap tightened between listing prices and selling prices. This is promising news for the Birchwood
According to the National Association of Realtors® (NAR) existing home sales have fallen to a 3-year low. NAR Chief Economist Lawrence Yun attributes increasing home prices and rising interest rates as the cause for the sales decline. Meanwhile, the nationwide median existing home sales price increased to $264,800; a 4.2%
© 2020 Birchwood Realty. All rights reserved.
Listing data from Northern Michigan MLS (NM-MLSX.)
