Thompson - Homer Team
Thompson-Homer Team
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Market Update – Summer 2018

Courtesy of the Thompson-Homer Team and Jaqua Realtors here is the Market Update for the Summer of 2018.

Click here for your PDF versions of the 2018 Market Update Supporting Data

The market is shifting rapidly.  It is not as good as last year but still the second best market we have ever had.  The demand is high but not as strong as 2017.  Supply is even worse or lower than last year.  Because lack of supply is so low it is causing buyers to drop out of the market.  Buyers are frustrated because of the bidding wars, which then sometimes create over market pricing and appraisal issues.  Our average days on the market is 51, about the same as last year.

Our average sales price is now $123,662 in Battle Creek which is up 4.5 percent.  The most homes sold in Battle Creek by far is in the price range of $100,000 to $200,000.  The over $400,000 market is up by one house from last year, selling ten this year and nine same time last year.

More homes are sold in the Lakeview schools than any other school district.  The Battle Creek schools are coming back strong in price and number.

The government has removed the handcuffs from the financial institutions.  The interest rates have risen a little more than a percentage point which takes out some buying power.  Your credit score can now be a little lower to qualify and if needed you can again buy without any money down.   Hopefully we are not going into a bubble.  Battle Creek is adding jobs to the market so it still remains strong.

About the Thompson-Homer Team

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Thompson-Homer Team

Realtor, Associate Broker, GRI, CRS

thompsonhomerteam@jaquarealtors.com

269-209-6688269-209-6688 mobile

Jaqua Realtors

With over 37+ years combined experience and $400+ Million in sales, there's no better team to trust with your real estate goals.

Reviews

5steven bcody

I have had 6 houses sold by Linda and she is great to work with and always gets the houses sold quickly. Always answers any questions and is very promt to return calls. The last house she sold for us ...

5dale edwards3

Linda and Art know their real estate. They were attentive if they didn't know an answer to a question they found it and got back to us in a very timely manner. They were there when wr needed them. We're ...

5reuben calow

Linda was very professional and responsive. She has great knowledge of the southwest Michigan area and helped us to both sell our old home and purchase our new home. I would work with Linda in the future ...

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