News

June Listing and Sales Stats

Greater Regional Alliance of Realtors analyzed listings and sales for the month of JUNE and discovered the following for the Greater Grand Rapids
Metropolitan Area:
· Months of available inventory: 1.3
· Average days on market for single family homes (pending sales): 21
· Average days on market for multi-family homes (pending sales): 14
· Average days on market for vacant land (pending sales): 269
· Average sale price (single family homes, closed sales): $240,170 –
This is an 8.1% increase over the same period last year.

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