Market Update Grandville 6/15
Low inventory continues to be big problem for Grandville Buyers but Sellers should be elated with homes selling faster than new listings can be added to replace them! This isn’t a big surprise for this area when we look at the average number of days on the market; homes have been selling in less than two months for over a year. The average number of home listings for sale in Grandville has remianed below 30 homes at a time for much of the past two years.
Even in the frigid cold of last winter, Active listings spent less than a month and a half on the market before being sold. If that’s the average, it stands to reason that sellers who price their homes competitively can expect to sell even faster. The average sold price is still closely following the average list price but if demand continues to increase while inventory drops, prices may begin to rise accordingly.