Tri County
Tri County
Tri County
Tri County
Tri County
Demographics
Demographics
Demographics
Demographics
Demographics
Population
Population
Population
Population
Population
449,225
449,225
449,225
449,225
449,225
Persons Age 25 to 64
Persons Age 25 to 64
Persons Age 25 to 64
Persons Age 25 to 64
Persons Age 25 to 64
51.3%
51.3%
51.3%
51.3%
51.3%
Persons Age 65+
Persons Age 65+
Persons Age 65+
Persons Age 65+
Persons Age 65+
10.3%
10.3%
10.3%
10.3%
10.3%
Median
Median
Median
Median
Median
Household Income
Household Income
Household Income
Household Income
Household Income
$46,558
$46,558
$46,558
$46,558
$46,558
May 2009
May 2009
May 2009
May 2009
May 2009
Regional Lansing
Regional Lansing
Regional Lansing
Regional Lansing
Regional Lansing
Unemployment Rate
Unemployment Rate
Unemployment Rate
Unemployment Rate
Unemployment Rate
11.3%
11.3%
11.3%
11.3%
11.3%
Michigan
Michigan
Michigan
Michigan
Michigan
Unemployment Rate
Unemployment Rate
Unemployment Rate
Unemployment Rate
Unemployment Rate
13.9%
13.9%
13.9%
13.9%
13.9%
Regional Lansing
Regional Lansing
Regional Lansing
Regional Lansing
Regional Lansing
Labor Force
Labor Force
Labor Force
Labor Force
Labor Force
243,215
243,215
243,215
243,215
243,215
Michigan,
Michigan,
Michigan,
Michigan,
Michigan,
Labor Force,
Labor Force,
Labor Force,
Labor Force,
Labor Force,
4,848,442
4,848,442
4,848,442
4,848,442
4,848,442
Published by
Coldwell Banker Hubbell BriarWood
Delta/Lansing
321-1000
886-5100
Holt
694-7393
Okemos
349-1000
349-4406
East Lansing
332-5100
DeWitt
668-9700
Down Town
Stadium District
908-3030
R E S I D E N T I A L
R E S I D E N T I A L
R E S I D E N T I A L
R E S I D E N T I A L
R E S I D E N T I A L
Regional Lansing
Regional Lansing
Regional Lansing
Regional Lansing
Regional Lansing Sales Summary
Sales Summary
Sales Summary
Sales Summary
Sales Summary
\ue000Unit residential sales remained stable compared to 2008 1st quarter.
\ue000Volume of sale values decreased by 15.59%
\ue000Average home values decreased 15.88%
\ue000Available listings decreased 22%
\ue000Active listings had a 38.43% average inflated asking price, while listings that sold
averaged only 6.04% higher list price than sold price.
\ue000Regional Lansings Labor Force decreased 4.43% compared to May 2008 and
Michigan Labor Force also decreased 2.39% during the same period.
Does not include relist history.
Does not include relist history.
Does not include relist history.
Does not include relist history.
Does not include relist history.
Units Sold
Units Sold
Units Sold
Units Sold
Units Sold
Value Sold
Value Sold
Value Sold
Value Sold
Value Sold
Average Days on Market
Average Days on Market
Average Days on Market
Average Days on Market
Average Days on Market
Average Sale Price
Average Sale Price
Average Sale Price
Average Sale Price
Average Sale Price
Average Active List Price
Average Active List Price
Average Active List Price
Average Active List Price
Average Active List Price
Active List Price vs Sold Price
Active List Price vs Sold Price
Active List Price vs Sold Price
Active List Price vs Sold Price
Active List Price vs Sold Price
Asking Price / Sold Price %
Asking Price / Sold Price %
Asking Price / Sold Price %
Asking Price / Sold Price %
Asking Price / Sold Price %
Available Residential Listings
Available Residential Listings
Available Residential Listings
Available Residential Listings
Available Residential Listings
Market Surplus
Market Surplus
Market Surplus
Market Surplus
Market Surplus
2
22
22nd
nd
nd
nd
ndQ u a r t e r
Quarter
Quarter
Quarter
Quarter
2
22
22nd
nd
nd
nd
ndQ u a r t e r
Quarter
Quarter
Quarter
Quarter
2009
2009
2009
2009
2009
2008
2008
2008
2008
2008
1,165
1,165
1,165
1,165
1,165
1,161
1,161
1,161
1,161
1,161
$120,570,510
$120,570,510
$120,570,510
$120,570,510
$120,570,510
$142,844,796
$142,844,796
$142,844,796
$142,844,796
$142,844,796
87
87
87
87
87
91
91
91
91
91
$103,494
$103,494
$103,494
$103,494
$103,494
$123,036
$123,036
$123,036
$123,036
$123,036
$168,092
$168,092
$168,092
$168,092
$168,092
$174,128
$174,128
$174,128
$174,128
$174,128
61.57%
61.57%
61.57%
61.57%
61.57%
70.66%
70.66%
70.66%
70.66%
70.66%
93.96%
93.96%
93.96%
93.96%
93.96%
95.36%
95.36%
95.36%
95.36%
95.36%
3,506
3,506
3,506
3,506
3,506
4,495
4,495
4,495
4,495
4,495
8.0 months
8.0 months
8.0 months
8.0 months
8.0 months
10.6 months
10.6 months
10.6 months
10.6 months
10.6 months
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