Check out our September Newsletter!
West Michigan's real estate market is cooling off a bit as school gets underway. Multiple offers are becoming less common, and buyers have more choices as inventory starts to increase. Overall, it's still a solid seller's market under $450,000 and a buyer's market above that price-point. Consider these year-to-date numbers:
* Sold prices are up 7.7% to an average of $183,679.
* Closed sales are up 4.3% over last year, while current listings are down 4.8% compared to 2015.
* Homes sold over $500,000 (207 of them) account for just 2.6% of the 8,100 homes sold YTD on our MLS.
Planning to sell? Call us at 575-0140 or 437-0209 to book a pre-listing consultation. We'll help you get your home ready for market and project your closing costs and net proceeds.