As we wrapped up 2023, the average sales price showed an increase of 6.34% over that of 2022. That shows continued strong growth in 12 months.
The total number of listings for 2023 was down just shy of 17% over that of 2022; contributing to the overall appreciation for the area.
West Michigan remains a popular destination for people all over the US and beyond. 2023 proved to be a year of both local moves and moves from many outside the area moving into the Greater Grand Rapids and West Michigan Area.
The fact that our market remains vibrant and sought after is anticipated to continue through 2024. Our local market allure coupled with interest rates sharpening are showing signs that 2024 will be another strong year.
Below are the links to the latest numbers and full reports: