Home Sales and Selling Prices for May Continue to Rise Across Mi

According to the MLS reports compiled by the Michigan Association of REALTORS®, 11,516 single-family homes were sold in May, 2012, an increase of 18.56% over May, 2011 while the May 2012 average sales price was $111,535, an increase of 9.08% for the same time last year. Close to 30% of the MLSs reported an increase of 40%+ in number of home sales in May, while 22% reported an increase in sales price of 20%+.

Key Statistics:

$100,948 - 2012 average sales price, YTD
47,638 - 2012 single family units sold, YTD
$4.8 billion - 2012 total sales volume, YTD*