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December 2008 - Ingham, Eaton, Clinton county market report

December 2008

Average Sales Price

2008 Average Sales Price

Dec. 08 Avg. SP

Dec. 08/YTD % Chg

Dec. 07 Avg SP

Dec. 08/ Dec. 07

County

Ingham

$ 102,271.00

$ 87,570.00

-14.37%

$ 120,728.00

-27.47%

Eaton

$ 122,721.00

$ 105,734.00

-13.84%

$ 145,513.00

-27.34%

Clinton

$ 151,556.00

$ 130,994.00

-13.57%

$ 173,572.00

-24.53%

Total Units

2008 Avg Units Sold Per Month

Dec. 08 Total Units Sold

Dec. 08/ YTD % Chg

Dec. 07 Total Units Sold

Dec. 08/ Dec. 07

County

Ingham

204

172

-15.69%

164

4.88%

Eaton

65

58

-10.77%

52

11.54%

Clinton

44

37

-15.91%

29

27.59%

•· OK so lets take a look at our final month for 2008. Focusing on Total Units Sold December 2008 was up from December 2007 in all 3 counties! That is the 3rd consecutive month for Eaton county

•· We are still seeing average sales prices fall across the board which is more good news for the buyers out there. If you or someone you know is looking to buy prices are great but inventory is slowly decreasing.

•· Interest rates have been moving around a little over the past few weeks but are still very good and look to possibly go down again. There are great financing options out there for those looking to buy and 100% for those that qualify.

Posted Wednesday Jan 21