In September the Greater Lansing Association of Realtors is reporting 282 home sales.

The average listing price in Greater Lansing was $148,442 and the average sale price was $142,758. 

The highest sale was a home in Haslett that sold for almost 1 million bucks. 

Compare these numbers to September 2006 when 450 homes were sold with an average listing price of $156,237 and an average sale price of $151,010. 

Looking just at East Lansing sale prices are up even with sales volume down.  In September 06 the average sale price in East Lansing was $199,801, but in September 07 the average sale price was $217,810.  Goes to show you how important location is. 

Infomation is based on residential home sales – does not include condos or commercial properties.