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How Has Our Grand Rapids Market Changed Since Last Year?

Mark Brace

#1 Real Estate Team in Grand Rapids (source: Wall Street Journal -Realtrends 2016)! Born & raised in Forest Hills, my passion for Grand Rapids sta...

#1 Real Estate Team in Grand Rapids (source: Wall Street Journal -Realtrends 2016)! Born & raised in Forest Hills, my passion for Grand Rapids sta...

Nov 11 2 minutes read

Are you thinking of making a move, but want to know where our real estate market stands? Let’s discuss the latest developments.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation
Call me at (616) 447-7025 for a FREE home buying or selling consultation

Now that fall is well underway, it’s time for another market update. 

First, let’s examine how many homes have been selling. When we compare the number of units sold this year compared to this same time in 2018, the data has remained largely flat. The amount of available inventory, about two months’ worth across most markets and price points in our area, has also stayed very similar.

"All in all, we’re in a very healthy market right now."

Home values, meanwhile, have continued to rise, with appreciation rates remaining strong. 

All in all, we’re in a very healthy market right now. This means it’s a good time to make a move, regardless of your goals.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

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