January Southwest Lower Michigan Numbers

For January, 2009, Southwest Lower Michigan was -19% compared to January, 2008. A total of 120 properties were sold compared to 148 a year ago. The positive markets for the month were Hartford/Lawrence (+125%), Dowagiac/Marcellus (+57%), Coloma/Watervliet (+14%) while Niles/Galien was flat. Average days on the market were up slightly from 118 to 124 (+5%) while the average sale price dropped from $141,672 down to $94,564 (-33%).