“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
Home February 2009 Lansing, MI Market Report

February 2009 Lansing, MI Market Report

February 2009

Well the February numbers are in and I am very happy to say that we saw a noticeable increase in all 3 counties for average sales prices as compared to January 2009. We also saw increases in total units sold all the way across the board.

We are still seeing a drop in the average sales price as compared to last year during February and that is a trend we expect to continue with all of the real estate owned (REO's or Foreclosures) properties that are being listed. Personally I have noticed an increase in activity on my traditional listings as well as new buyer activity.

Average Sales Price

Jan. 09 Average Sales Price

Feb. 09

Feb. 09 / Jan. 09

Feb. 08

Feb. 09/ Feb. 08

County

Avg SP

% Chg

Avg SP

% Chg

Ingham

$ 69,205.00

$ 72,659.00

4.99%

$ 82,834.00

-12.28%

Eaton

$ 99,545.00

$ 104,267.00

4.74%

$ 132,671.00

-21.41%

Clinton

$ 119,614.00

$ 127,605.00

6.68%

$ 162,748.00

-21.59%

Total Units

Jan. 09 TTL Units Sold

Feb. 09 TTL Units Sold

Feb. 09/ Jan. 09

Feb. 08 TTL Units Sold

Feb. 09/ Feb. 08

County

% Chg

% Chg

Ingham

127

175

37.80%

153

14.38%

Eaton

48

54

12.50%

45

20.00%

Clinton

32

41

28.13%

32

28.13%

Be sure to let me know if you have any questions or know someone who is need of real estate help. I would love the opportunity to assist anyone you may know.

All statistics compiled from the Greater Lansing Association of Realtors MLS
Robert Dowding

Posted Thursday Mar 12