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Grand Rapids Housing Market Predictions 2018

Here’s a look at the Grand Rapids Real Estate Market for November 2018. According to a report released by the Grand Rapids Association of REALTORS® (GRAR), Grand Rapids continues to favor sellers in today’s real estate market. Currently, sellers are receiving 96% of their listing price.

The total number of homes still available this month is 1984. The current inventory is down 5.1%compared to the previous month. October property sales were 1007, 4.4% lower than the 1053 last month. There was an increase of 7.7%in the pended properties in October, with 1048 properties versus 973 the previous month. The Average For Sale Price of Homes in the Greater Grand Rapids Area for October was $336,000 up 2.1% from $329,000 last month. The Median Sold Price in October was $197,000, the same as last month of $198,000. The Months of Inventory based on Closed Sales of 2 was the same as compared to last month. May through August the Months of Inventory was running between 1 and 1.5.  READ MORE HERE

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If you are thinking of selling and wonder how much your house might sell for in today’s Grand Rapids Estate Market, use this instant home value estimate or call 616.485.8955.

November 2018 Inventory

Graph showing the number of houses for sale, pending and sold in Grand Rapids Michigan

Months of Inventory Based on Closed Sales

Graph showing the number of months of inventory in Grand Rapids Michigan real estate market

2018 Real Estate Market Reports

January 2018February 2018April 2018
May 2018June 2018July 2018
August 2018September 2018October 2018
November 2018

2017 Real Estate Market Reports

January 2017February 2017March 2017
April 2017May 2017

2016 Real Estate Market Reports

February 2016April 2016November 2016
December 2016

Grand Rapids Homes And Condos For Sale $336,000 and Under

Here are the most recent home listings just added to the database in the average price range for Grand Rapids. All homes here are priced at $336,000 or less.

Summary
Grand Rapids Real Estate Market Report - This Month 2018
Article Name
Grand Rapids Real Estate Market Report - This Month 2018
Description
At the end of the month, there were 1,158 homes on the market in Grand Rapids. Read More about what's happening in the Grand Rapids Real Estate Market here.
Author
Publisher Name
Doug Hansen at Five Star Realty
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