Inventory in West Michigan Real Estate continues to be extremely low, as buyer demand continues to remain very high. In Ottawa county alone, the number of active listings is down 28% vs 2021 (which was already a low number relative to years prior), and new listings were down 21% this February vs 2021. And as is the case in supply and demand crunches, average prices in West Michigan are generally reflecting the low supply and high demand.
If you're thinking about selling your home, being aware of the trends in the market will help you understand the strength of the market.
Our monthly market update showcases everything you need to know about local real estate trends over the last month broken down by area.
February Market Update for Saugatuck / Douglas
6
New Listings
9
Active Listings
10
Under Contract
9
Closed Sales
Homes Sold and Average of
189%
Higher YOY
$1,024,767
Average Sales Price
.63
Months of Supply
81
Average Days on Market
$369
Sold Price per Square Foot
February Market Update for Holland
50
New Listings
47
Active Listings
54
Under Contract
65
Closed Sales
Homes Sold and Average of
24%
Higher YOY
$385,800
Average Sales Price
.45
Months of Supply
29
Average Days on Market
$259
Sold Price per Square Foot
February Market Update for Grand Haven / Spring Lake
44
New Listings
90
Active Listings
43
Under Contract
45
Closed Sales
Homes Sold and Average of
17%
Lower YOY
$355,981
Average Sales Price
.67
Months of Supply
27
Average Days on Market
$241
Sold Price per Square Foot
Curious about how your home's value has changed?
We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information.