Reduce Your Home's Energy Expenses
Home energy costs are on the rise - but you can lower your utility bills with these time-tested energy saving ideas...
Implement some of these ideas and you'll be helping the environment - and your pocketbook - at the same time!
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Average Sale Price
Home values continue to rise in West Michigan! When comparing the 4th quarter, year-over-year, the average sale price was about 7.4% higher in 2017 than 2016.
Average Days on Market
The average time on the market was 5 days shorter during the 4th quarter of 2017. While the year-over-year change was not drastic, average days on market in West Michigan remains low. Homes continue to move quickly - on average in about a month and a half-even as prices have increased.
Months of Inventory
During the 4th quarter of 2017 there were only enough properties on the market to last 3 months. Last year during this time the supply was just over 3 months. Again the market seems to be balancing out, year-over-year, but a 3 month supply of inventory is fairly low in the real estate industry.
This is a broad look at the overall West Michigan Market. Things may be slightly different where you live.
For a more precise update on your local market conditions, contact me anytime!
