Grand Rapids Real Estate Market Report – June 2010

Grand Rapids Market Statistics – June 2010

Grand Rapids Market trends The single family homes sales average price is up 9.8% over May 2009. The year  to date average sales price is $115,099, up 15.6% compared to the same time last year. Homes sold in May was down by nearly half compared with last year and the inventory of homes for sale remains relatively unchanged. Year to date 5,099 single family homes have sold through May, up 13.7% over the same period one year ago.

The drop off of sales in May can be attributed to the tax credit expiring however I am seeing more interest  and more inquiries about Grand Rapids real estate this year compared to last.

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