LISA VANDERLOO, REALTOR®
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It's Tough to be a Home Buyer Right Now

5/5/2015

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It is tough to be a home buyer right now in the greater Grand Rapids area. Why...? INVENTORY. Inventory is pretty much all we have been talking about for the last 2 years. The lack of inventory of homes available.

Inventory of homes for sale is measured by determining how long it would take to sell all current homes for sale if no new listings came to the market, based on the current rate of how many people are buying.  A normal market is considered to be an inventory of 6-6.5 months.  Back in 2008, we had a whopping 13-14 months, a market that strongly favored buyers. In 2012, the inventory started dropping and has not stopped. The strong buyers' market is a thing of the past and has been replaced by a market extremely weighted in a seller's favor.


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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?
    • Real Estate Photography
    • 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