Welcome to my video real estate blog! I often get asked
questions about what’s going on in the real estate market, so I wanted to keep
you updated with relevant information.
What kind of similar trends are you seeing in your market
place right now?
The price per square footage is increasing slightly, causing
home prices to also tick upward as well.
We are also seeing a decrease in the in average days on market.
The reason for this is because a lot of buyers felt a sense of urgency as
interest rates increased. In the past 90 days, rates increased by about one
percent. Buyers wanted to lock in the lowest rate before they increase more.
We have an increased inventory as well. There are plenty of
homes available especially around the $200,000 and under range.
How are those things affecting sellers in this competitive
market?
Sellers need to price their home correctly. Today’s buyers
are smart and want a home in good condition. They want the price to match the value
of the home.
If you have any questions, please give me a call. I’m here
for any of your real estate needs.
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Click on the links below for more information on your area's market trends!
Grand Rapids Market TrendsMecosta County Trends
Montcalm County Trends
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