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Jan 2017 Market Updates

The real estate market in West Michigan is an extremely strong sellers market. The number of closed sales in January is up by 3% and increased volume by 12%. We are still experiencing a significant shortage of homes for sale on the market. Currently, there is 1.6 months of available properties. The preferred number is 5 to 6 months of inventory, which is the sweet spot that provides a good balance between a seller’s market and a buyer’s market. The average sales price in Kent County year-to-date is $190,978.

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Work With Blu House Properties

Partner with a seasoned Grand Rapids real estate expert with 25+ years of experience in high-value transactions and client-first service. Whether buying or selling, our team delivers precision, negotiation strength, and market insight tailored to luxury outcomes.