March Statistics

The March statistics are out and Mid-Michigan officially continues to be a buyers market. Our sales for last month were off slightly from the year before. Realtors in the area closed 354 transactions versus 394 for the same time period last year. Sales prices continue to take front and center, however, dropping to an average of $91,415 in March of 2008 as compared to $118,169 for March of 2007 (a drop of 23%)

The good news is that foreclosures were down dramatically in March. According to local news WLNS, foreclosure filings in Clinton County were down 55% from last year, Ingham was down 42%, and Eaton down 31%. Keep your fingers crossed that foreclosures continue to decline.