What’s happening in Kent County Grand Rapids, Michigan?
At the time of this video in Kent County, we have 581 active homes and 240 homes pending. In July, 897 single-family homes were sold. That’s down 17% from last year.
The average price of a home in Kent County in July was $318,000, which is up about 8% from last year when it was $290,000, but the average price in July was down to 2.8% from June when it was $327,000.
The months of supply in Kent county for July were at 0.7 months. A year ago, it was at 1.5 months, meaning that a year ago, if there were no more homes added to the inventory in July, we would have run out of inventory of houses in six weeks. This year, it would have only taken three. But, we have been running at about 0.5 months supply since January of this year. In July, we saw it start to move up just a little bit to 0.7 months. We are still in a seller’s market, but we are seeing it move ever so slightly.
In July, the average time a house was listed for sale was 11 days. That’s something to take note of. We all keep hearing about the houses that sell in a day or two, but the average is 11 days. The norm is not one or two days.
Now more than ever, online digital marketing is essential to get more buyers through your home. Buyers are tired of competing in the West Michigan Grand Rapids area. We are A&J Realty Partners brokered by Key Realty and we’re your West Michigan Digital Marketing specialists! We want to help you fulfill your dreams no matter the size.
We're April and Jean and we love helping people get into a home that fits their lifestyle. We call it "Right-Sizing", whether that is moving up to a bigger home or downsizing into something smaller. Let us know how we can help you make your real estate dreams come true.
2850 44th Street SE
Grand Rapids, MI 49512
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