Third quarter 2020 sales statistics show that the average sales price of Lansing area homes has increased from $180,537 at the end of September 2019 to $194,103 in September 2020.  This 7.5% increase represents a dollar value of $13,566 with average selling time reduced to 1.3 months. These figures include all sales through the Greater Lansing Association of Realtors.

Check out our Third 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.)

Third Quarter 2020 Sales Statistics

Due to COVID-19 precautions, the number of sold homes was down 311 units or -5.9%. However, the seller’s market continues as we enter the last quarter of 2020.