2008 revealed itself as a great time to buy a home in the Greater Kalamazoo Area. Here's a look at the market comparisons from 2007 and 2008. As you can see from the numbers that our area rebounded in Units towards the end of 2008 but the volume sold was significantly lower throughout the entire year. If you are a real estate investor...there are a lot of good buys in our market. Let us know how your market faired in 2008.
Units Sold Value (in Millions)
2007 2008 Change 2007 2008 Change
January 217 187 -13.8% January 31.3 24.4 -22.0%
February 264 237 -10.2% February 39.5 31.7 -19.7%
March 322 261 -18.9% March 46.5 36.4 -21.7%
April 363 349 -3.9% April 57.2 49.9 -12.8%
May 400 344 -14% May 62.7 48.6 -22.5%
June 431 418 -3.0% June 69.2 60.6 -12.4%
July 404 407 0.7% July 65.3 54.6 -16.4%
August 423 393 -7.1% August 67.1 57.0 -15.1%
September 321 336 4.7% September 48.6 47.5 -2.3%
October 321 362 12.8% October 46.5 43.8 -5.8%
November 277 280 1.1% November 40.2 33.9 -15.7%
*Covers sales in Kalamazoo County and parts of Van Buren, Allegan, and Barry counties.
Source: Greater Kalamazoo Association of Realtors
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