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Grand Rapids Housing Market Predictions 2018
Here’s a look at the Grand Rapids Real Estate Market for August 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 99% of their listing price.
July property sales ended the month with a total of 1110 homes sold. That is a 12.8% decrease over last month. June home sales were 1273. The Average For Sale Price of Homes in the Greater Grand Rapids Area for July was $341,000, down 2.8%from $351,000 last month. The Median Sold Price in July was $199,000, down 0.5% from $200,000 last month. Here’s my quick opinion and we all know how much free opinions are worth, mine are quite expensive. Sales are down, prices are down and the number of available homes for sale is up. Usually, there is a drop off in sales in the latter part of July and into August. There usually is a bump in sales in September and the first half of October. Most buyers who have children want to be in their new home prior to the school year starting. So the market has cooled a degree or two. READ MORE HERE
August 2018 Inventory
2018 Real Estate Market Reports
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2017 Real Estate Market Reports
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2016 Real Estate Market Reports
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Grand Rapids Homes for Sale
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 $358,000 or less.