Home Sale Prices up over 10% from this time last year

“Been wanting to Sell your home?  The time may be now as there are no surprises in this month’s Grand Rapids Board of Realtors March 2015 to March 2016 sales comparison report.  Listings are down, way down compared to Buyer’s demand.  Pending sales are up by nearly 4%, the average sale price is up, and listings are down, all of which contributes to the continuing lack of adequate housing inventory to meet buyer demand. The average home sale price based on closed sales for the first quarter of 2016 is $178,667, a 10% increase over the same period last year.  For the buyer who is flexible, creative and willing to find alternative housing options if their existing home sells before they find a new one, they will be in the best position to purchase! – Source:  Grand Rapids Board or Realtors.”GR 4
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Bob Hein Mortgage p: 616.292.6703