Q: John – Why do you look at last month? That’s done and closed…
A: Looking back over the last 30 days and comparing that to last year and year-to-date numbers helps to look for trends and therefore provides insight into how the market is trending.
When comparing Nov ’24 to Nov ’23 we see that the median sales price is up 7.21% and that the average number of listing is up 15.77% over that of last year. Average days on market are up from 18 days on market to about 20 now. Total number of sales in the Grand Rapids market (chosen as an example market to focus on) shows average number of sales up 2.36% (meaning about 2% total number of houses sold this year over last year.) This makes sense given the continued strong demand and one of the largest factors to reduced sales numbers has been lower inventory. With the inventory now coming on board, more sales are expected.
Now…how can use these trends to your advantage? Cue the 12 month market trend report….
As a seller – what can you do? Take advantage of the “winter sweet spot.” In a rising inventory environment, the finding every advantage is key. This approach is not for everybody and it not a good fit for all property types but for the chosen few- the advantage is real.
Is this approach right for you? Take advantage of our FREE on-site review (we come to you) and we can help you put together the best plan. The best time to plan (especially with this time sensitive approach) is RIGHT NOW ! 🙂
Our on-site review has been a VERY popular feature among our clients. During our review we cover a tailored program to fit your needs including:
- What needs to be done: Review the current house/property and anything that needs to be done before selling.
- Transitioning: Suggestions on how to handle the transitioning into a new space.
- The new space: what are you looking for in your new space and how can you obtain that goal.
- Timing: what timing is best to fit your life and make the most of market.
- Numbers: How will the market respond to your current space and what do the numbers look like both for selling your current space and for the new space?
Interested in the full report from November? Find it here: