Rain and flooding dampened – but failed to sink – June home sales, according to data and Downriver real estate professionals.
Among Downriver communities, Re-Max reported a 14.6% gain in closed sales, compared with the year-earlier month. Re-Max said 376 homes sold in 18 Downriver communities in June, compared with 328 in June 2020.
Closed sales in the Downriver area in June lagged the year-to-date growth rate of 20.9%, according to Realcomp, Michigan’s largest multiple listing service.
Realcomp said Downriver median sales prices in June rose 17.1% – to $169,700 – from the year-earlier month. Re-Max logged June’s Downriver median prices at $186,978, a 4.6% increase over the year-earlier month, but less than the $201,586 reported in May.
While not so much Downriver, some sellers in other parts of the region suffered flood damage, causing them to pause any potential sales while the damage was cleaned up.
The soggy June notwithstanding, an…