Home values continue to rise in West Michigan! When comparing the 3rd quarter year over year, the average sale price was about 8.5% higher in 2017 than 2016.
Average Days on Market
The average time on the market was 9 days shorter during the 3rd quarter this year. Homes continue to move quickly - on average just about a month and a half - even as prices have increased.
Months of Inventory
During the 3rd quarter of 2017 there were only enough properties on the market to last less than 3 months. Last year during this time the supply was more than 3 months.
This is a broad look at the overall West Michigan Market. Things may be even better where you live!
For a more precise update on your local market conditions, contact me anytime!
Today’s real estate market presents some unique challenges – low inventory, homes selling quickly, and multiple offers cause sellers to say “sure, we can sell….but can we buy?” I hear you loud and clear! That’s why Greenridge has developed the Market to Move plan. Market to Move is an easy guide, crafted by industry experts, to get you from Point A to Point B. Thinking of making a move? Contact me today to learn how to get started!
