Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 42% from one year earlier, and down 11% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 110-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 31%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 90-thousand dollars. The number of units sold increased 25% year-over-year, and increased 92% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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 Owosso, MI
Area Information for Owosso, MI
Population:14,959
Median Age:37.1 yr
Median Commute Time:22 mins
Educational Climate*:3
Sales Tax:0%
Population Density:2,639/sq mi
Population Change Since 2000:-6.87%
Closest Airport:Bishop International
Closest College:Baker College Of Owosso
Closest Jr. College:Lansing Community College
Median Household Income:$46,503
Annual Residential Turnover:0%
Median Home Sales Price:$108,000
Closest Major Sports Team:Lansing Lugnuts (a)
Change Avg. Household Income Since 2000:37.1%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Owosso, MI
Median Age: 37.1Married: 31%Number of Households: 6,063Households with Children: 1,735
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.