Fourth quarter sales statistics show that the average sales price of Lansing area homes has increased $8,618 during 2018. This is a 5.4% increase from $159,430 at the end 2017 to $168,048 at the conclusion of 2018.

Check out our Fourth Quarter Sales Statistics Link (below) for an update 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 2018 Sales Statistics

Entering 2019, the Greater Lansing market continues to favor a seller’s market with only 1191 available homes currently for sale. Low housing inventory has been the standard for the past four years. A balanced market, favoring neither buyer or seller, would be at between 3000 to 3200 units.