Katie was featured in a positive real estate story on WZZM 13 news on Tuesday evening. Reporter Steve Patterson highlighted the rising home sales in the Grand Rapids Market for 5 straight months.
Julie Reitberg, Grand Rapids Board of Realtors Chief Executive officer shared the information that June saw 1,081 single homes sold, up from the 740 single homes sold in January. There is hope this is a trend and sales will continue to grow through the year. Julie Reitberg attributes the positive sales numbers to the incentives and lower priced homes available.
The other side to this story is that the trend with the price of home continues to decline. Home prices this year average at 113,923 versus the average price in 2006 of 163,266.
Still not yet a trend, but the sales number up and foreclosures and inventory are starting to decline. Good indicators that our housing market is headed in the right direction.
Please follow this link to read the complete story and watch the video clip: