Grand Rapids Michigan November 2011 Sales Stats

Grand Rapids Michigan November 2011 Sales Stats

The November home sales statistics are in and the news looks good.

Sales are up in November across the board in all price ranges.

The price range that has seen the most activity is $100,00 – $ 139,999;

almost 1 in 5 homes sold in November 2011 were in this price category,

with overall highs ranging over $1 million and lows under $ 19,000.

The Grand Rapids housing market has 24.6% fewer listings year-to-date

than last year. This means shrinking inventory for buyers and good news for

sellers.

The Average Home Sales Price is up from 2010 by about 3%; from $ 118,217

to $121,920. In our opinion, this increase is caused by the REO’s and foreclosure

sales numbers are down and more banks are embracing short sales.

Please note these prices are averages for the whole Grand Rapids market.

If you would like to know what prices are in your neighborhood, give Terry a call.

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