LISA VANDERLOO
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2017 Real Estate Market Review and What to Expect with the 2018 Spring Market

1/23/2018

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It has been a whole year since I wrote a real estate market update for the greater Grand Rapids area. Why? It has been the same story for the last two years straight. How many different ways can you say "we have extremely low inventory!"?

As a refresher, inventory is measured by months of supply. Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Our local market has strongly favored sellers the last few years. Although the market has been great for sellers, it has been extremely difficult for buyers trying to purchase, especially first-time buyers who generally have lower down payments.


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    Lisa VanderLoo

    Great info on everything real estate.

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  • Home
  • Property Search
  • Sellers
    • Seller Services
    • The Home Selling Process
    • What Is My House Worth?
    • Video Marketing
  • Buyers
    • Buyer Services
    • The Home Buying Process
    • Why Use a Buyer's Agent?
  • Blog
    • For Buyers
    • For Sellers
    • Home Improvement
    • Finance
    • Local Events & Places
  • About
    • Meet Lisa
    • Contact
    • Testimonials