Niles, MI - Local Housing Data - Summary

Change location:

Region

State

City

Niles, Benton Harbor, MI

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Niles, MI Local News

Sales of New Homes Unchanged From a Year Ago in Niles According to Latest Data

Posted on: Aug 08, 2014 11:39:14 AM

New home closings in the Niles, MI market were unchanged year-over-year in May, staying flat after dropping year-over-year in April from the year earlier. New home closings moved from none a year earlier to none after the figure moved from 1 in April 2013 to none in April 2014. Closings remained level at none from a year earlier after the figure moved from 1 in April 2013 to none in April 2014.

Closings of new and existing homes slid year-over-year in May after also falling in April year-over-year.

Other Market Trends

Foreclosures and real estate owned (REO) closings decreased in May from a year earlier, but remained a drag on the market. Out of all existing home closings, foreclosures combined with REO closings made up 39.3% of closings, below 45.6% a year earlier. The percentage of existing home closings involving foreclosures dropped to 19.6% in May from 23.6% a year earlier while REO closings as a percentage of existing home closings declined to 19.6% from 22.0% a year earlier.

Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Niles, MI area.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.