September Market Update

September Market Update - Grand Rapids, MI

Now that school has started and we are heading into fall,  here is what is happening in the Kent County, Grand Rapids Housing Market!

At the time of this video in Kent County, we have 610 active homes and 187 homes pending. In August we saw the highest number this year of houses actively for sale each week. 

In August 884 single-family homes were sold. That is down about 6.5% from last year. The average price of a home in Kent County in August was $326,000 which is up 22% from last year when it was $267,000.

The months of supply in Kent County for August was at .8 months. A year ago it was double that at 1.6 months. That means if no new houses came on the market, we would only have about 3 weeks of inventory.

So, to recap the statistics we just threw at you, we have more active homes on the market now than earlier this year, but we still have fewer houses available to buy than we did last year. So basically the price of homes has gone up because there is less inventory available!  

Now is a great time to sell! If you are thinking about selling, A&J Realty Partners is your Digital Marketing Experts we have the knowledge and skill to expose your homes to the masses our listing videos get more views than Zillow! 

And if you’re thinking about buying,  you will want an agent who knows the market and what it takes to write competitive offers in this sellers’ market that get accepted! The majority of our buyers go under contract in 30 days or less!

Give us a call at 616-581-8828 We are your West Michigan Connection for Buying & Selling our top priority is helping you fulfill your dreams no matter the size!

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