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Interested in a
real estate career
with CBHB?
Contact Matt Bowler,
General Sales Manager,
517-492-3314 or

matt@cb-hb.com

CBHB Market Report

Current Market Report

Keeping a close eye on the pulse of the local real estate market is a priority for CBHB. We work hard at compiling the latest residential market information for the Tri County area and individual communities on a quarterly basis. Having the current information assists our agents give sound advice to our customers when they are selling their homes and helps our buyers make smart purchasing decisions. We even provide the report to the media!

Sign up today for our Quarterly Market Report to be emailed to you each at the end of each quarter - Hot Off the Press!  . Use the form below to provide the information necessary to be the first to get the information. 

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Real Estate 2010
4th Quarter Market Report

 

Tri County
Demographics


Population
449,225

Persons Age 25 to 64
51.3%

Persons Age 65+
10.3%

Median
Household Income
$46,558

November 2010
Regional Lansing
Unemployment Rate
8.7%

Michigan
Unemployment Rate
11.3%

Regional Lansing
Labor Force
244,516

Michigan
Labor Force
4,768,930
RESIDENTIAL
Regional Lansing Sales Summary
4th Quarter 2010 4th Quarter 2009
Units Sold 823 1,132
Value Sold $83,537,792 $118,511,344
Average Days on Market
Does not include relist history.
80 85
Average Sold Price $101,504 $104,692
Median Sold Price $90,598 $87,611
Average Active List Price $144,893 $158,814
Active List Price vs Sold Price 70.05% 65.92%
Asking Price / Sold Price % 94.32% 94.96%
Available Residential Listings 2,934 2,931
Market Surplus 10 months 7 months

 

  • Unit residential sales decreased 27% compared to 2009 4th Quarter. 
  • Volume of sold values decreased by 29.51%
  • Average home values decreased 3.05% and the Median values increased 3.40%
  • Available listings remained stable
  • Active listings had a 30% average inflated asking price, while listings sold averaged only 5.68% higher list price than sold price.
  • Regional Lansing's Labor Force decreased 2.12% compared to November 2009 and Michigan Labor Force also decreased 1.75% during the same period.