Real Estate Market Update for Canadian Lakes, MI
Welcome to February's Market Update. Let’s take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 11% from one year earlier, and up 7% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 170-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 23%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 160-thousand dollars. The number of units sold decreased 29% year-over-year, and decreased 55% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Canadian Lakes, MI
Local Weather for Canadian Lakes, MI
    Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.