Lansing, MI April 2009 Real Estate Market Update

April 2009 Market Update for Ingham, Eaton and Clinton counties in Michigan. The Robert Dowding team at Keller Williams Realty is dedicated to providing you with the most up to date statistice and trends available.

We are now officially in the full swing of the spring real estate market in the Tri-County area of Mid Michigan. With the addition of buyer incentives and continued affordability of housing we are seeing another month of promising numbers.

Average sales prices were fairly stable as compared to March 2009 numbers with exception of Eaton County that experienced a difficult March but rebounded well in April. We are still down from 2008 which is to be expected. The promising numbers are the number of units sold. All three counties reported increases in units sold with Ingham and Eaton counties over 40%! May has been very busy as well and I would expect to see this trend continue.

Average Sales Price
	March 09 Average Sales Price	April 09 Average Sales Price	April 09 / March 09	April 08 Average Sales Price	April 09/ April 08
County	% Chg	% Chg
Ingham	$ 81,519.00	$ 81,601.00	0.10%	$ 98,045.00	-16.77%
Eaton	$ 73,046.00	$ 103,869.00	42.20%	$ 136,926.00	-24.14%
Clinton	$ 112,223.00	$ 106,641.00	-4.97%	$ 146,076.00	-27.00%
Total Units
	March 09 Total Units Sold	April 09 TTL Units Sold	April 09/ March 09	Aril 08 Total Units Sold	April 09/ April 08
County	% Chg	% Chg
Ingham	181	266	46.96%	232	14.66%
Eaton	48	69	43.75%	75	-8.00%
Clinton	43	49	13.95%	41	19.51%

As always keep us in mind for all of your real estate needs and contact us with any questions you may have. We look forward to helping you and yours.

Professionally, Robert Dowding

Each office is independently owned and operated

All statistics compiled from the Greater Lansing Association of Realtors MLS

Robert Dowding