Grand Rapids makes USA TODAY on Home Price Increases
Check out the article published this morning in USA Today. We made the Top Ten markets in the US whose prices increased substantially over last year at this time. We fell below the astounding figure of 100.7% gain in median prices – that award went to our fellow Michigan town of Saginaw, Michigan .
Yet – we – the Grand Rapids Real Estate Market – saw a 26% gain in our median prices. Of course 2009 was a water shed year in the Grand Rapids market with low median prices – low sales numbers – there was not much UP in the market except unemployment. 2010 has started out to be a great rebound year.
Our Team has had the best first quarter in many years. I think the buyer tax credits and the positive consumer confidence in conjunction with some pent-up demand has fueled this increase. Our listings are selling even after the Credit is over – and we have a number of new buyers moving into the area with new jobs. The signs of Spring are still in the air!
Check in with us and we’re happy to give you good real estate advice and let us know how you feel about the First Time Buyer Tax Credit – was it a good thing for our marketplace??