Niles Star: Sales price rising in housing market

The housing market in June shifted as more higher-priced houses sold, bringing the average selling price up 56 percent, Gary Walter,  executive vice president of Southwestern Michigan Association of Realtors Inc. told the Niles Star. “The average selling price at $221,118 and the median selling price at $141,900 surpassed prices recorded during the peak years of 2006 through 2008,” Walter said. “This upswing in selling prices brought positive percentages for the year-to-date average and median selling prices for the first month this year. So, at the end of the first half of the year, the year-to-date average selling price was $161,281 and the year-to-date median selling price was $95,000.”

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Source: Niles Star