The numbers are in for our exclusive monthly MOTM preview of residential real estate sales, courtesy of the Southwestern Michigan Association of Realtors. Each month we bring you these figures more than a week ahead of similar national statistics you see in other local media.
Heading toward the end of the year, the housing market in SWMI saw a slight drop in sales. However, the average selling price increased by double digits over prices from a year ago. Selling prices have continued to climb year-over-year in November for the last 4 years.
The number of houses sold in November decreased 2 percent (5 houses) from November 2024 (222 vs. 227). Year-to-date, sales have increased 3 percent (2679 vs. 2595)
The inventory of houses for sale fell 6 percent from the previous year’s level (864 vs. 923). This reduction in the supply level resulted in a 5.1-months supply, down from 5.7-months at the end of October. For comparison, in November 2010, there were 3160 houses for sale for 15.8-months supply of houses for homebuyers.
The average selling price in November 2025 rose 16 percent to $472,774 from $407,689 in November 2024. Year-to-date, in 2025, the average selling price grew 14 percent to $431,024 from $377,769.
The median selling price in November 2025, $289,000, increased 8 percent from $267,000 in November 2024. Year-to-date, the median selling price increased by 8 percent ($297,500 vs. $275,000).
The median price is the price at which 50% of the homes sold were above that price, and 50% were below.
The total dollar volume in November 2025 increased 13 percent compared to November 2024 ($104,956,047 vs. $92,545,493). The year-to-date total dollar volume in 2025 grew 18 percent ($1,154,715,896 vs. $980,283,479).
The number of bank-owned or foreclosed homes as a percentage of all transactions rose to 3 percent from 2 percent in October. There were seven houses included in the total transactions. The previous lowest percentage was 0 percent in November 2022, and the highest was 36 percent in November 2010.
The Freddie Mac mortgage rate in November increased to 6.23, up from 6.17 in October for a 30-year conventional mortgage. A year ago, the rate was 7.22.
This data reflects home sales across Allegan, Berrien, Cass, and the westerly 2/3 of Van Buren Counties, and should not be used to determine the market value of any individual property. If you want to know the market value of your property, please contact your local REALTOR®.
