In spite of COVID-19 precautions, the number of sold homes in 2020 was up 185 units or 2.7%.   Fourth quarter 2020 sales statistics show that the average sales price of Lansing area homes has increased from $179,634 at the end of December 2019 to $195,518 on December 31, 2020.  This 8.8% increase represents a dollar value of $15,884, with average selling time of less than one month.   These figures include all sales through the Greater Lansing Association of Realtors.

Check out our Fourth Quarter Sales Statistics Link (below) for an update of sales activity by community. (Please note that pending sales, properties under contract that have not yet closed, are not factored into these statistics.)

Fourth Quarter 2020 Sales Statistics

The Market  – January 24, 2021
– The seller’s market continues as we enter 2021.
– There are only 491 available homes for sale in the five county greater Lansing area.
– 270 homes have accepted offers, awaiting inspections .
– 374 home are listed as Pending,  meaning they have passed inspection are waiting
on a  closing date.