RealEstate1

As reported in Mlive.com, a Michigan area news program, real estate property listings are not a lost cause. The economy and the housing market in Michigan is one of the worst, yet, that does not mean that there is no movement in the market at all.

Homes sales are still happening, and home buying hasn’t been forgotten about, it is just at a slower pace right now. Housing prices have dipped considerably, though.  In Michigan, one of the largest factors in home prices falling is the number of foreclosure property being sold far below its expected level.

A closer look at the statistics of home sales in Michigan’s Muskegon County, for example, shows that home sales are down over the average from the last three years, and the sale price of homes is lower, the historical average in th number of homes selling is at an average level.

There, the average price of a home in the last 12 months was $102,913, and 36 months ago, it was $109,403. 

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