Here’s What the Numbers Say About Our Market

Central Michigan Real Estate Podcast with Mary Peacock

I have the latest year-over-year numbers from Mecosta County to share with you.

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Now that we’re approaching the end of 2019, it’s time to review the latest numbers from our market. First, our absorption rate is at six months, which means we’re in a stable market that favors neither buyers nor sellers. Year over year, our average list price has risen about 4% from $175,000 to $203,000. Our average sale price has also risen about 1% from $154,000 to $177,000. Our average days on market, meanwhile, has dropped 31% to 38 days, which is good news. If you don’t live in Mecosta County and you’d like a market update for your area, don’t hesitate to reach out to me. I’d be glad to help you.