July Boasts Some of the Year’s Best Numbers

August 27, 2012 – (RealEstateRama) — According to the MLS reports compiled by the Michigan Association of REALTORS®, 11,477 single-family homes were sold in July, 2012, an increase of 14% over July, 2011 while the July 2012 average sales price was $116,116, a 6.55% increase over the 2011. Nearly all local reporting units (31 of 41) across Michigan show an increase in average sales price over July, 2011 including Ann Arbor (11.81%), Greater Wayne County (11.9%), Jackson Area (40.69%) and Oakland County (11.06%). Nationally, existing home sales have risen 10% from comparable period last year with Michigan reporting the same increase