How are Grand Rapids Real Estate Sales doing in 2010 compared to 2009?

By
Real Estate Agent with Blu House Properties

 

 

The chart below gives a month-by-month analysis of Grand Rapids real estate sales and listings from 2009 and thus far in 2010.  And despite all the dismal forecasting in the news, the Grand Rapids real estate market isn't as far behind from last year's sales as one might think. At the end of September 2010, Grand Rapids home sales were up from 2009's sales at the end of the third quarter.

If the trend can continue into the forth quarter, which will largely be impacted due to the foreclosure moratorium still in effect with some lenders such as Wells Fargo,  Realtors will be in a good position for a strong start in 2011.

And the sales trend is not only in West Michigan, it's throughout the country.  From CNNMoney.com with Anally Cents reporting:

"Sales of previously owned homes rose 10% to a seasonally adjusted annual rate of 4.53 million units last month, the National Association of Realtors reported Monday. That was up from a 4.12 million rate in August.

The report came in much stronger than expectations. Economists had forecast sales to edge up to an annual rate of 4.25 million units, according to consensus estimates from Briefing. com.

The gains of the past two months were welcome news, after home sales sank 27% to their lowest level in 15 years in July. While some economists say a housing recovery is underway, a foreclosure moratorium in October may have a negative impact on next month's report."

All numbers are as reported to the Grand Rapids Association of Realtors.

Grand Rapids Association of REALTORS®

Comparative Summary Report as of 10/20/10

Prepared for Grand Rapids Assoc of REALTORS


Listings Listing Dollars (in Thousands)

Month Year-to-Date Month Year-to-Date

This Year Last Year This Year Last Year This Year Last Year This Year Last Year
January 2,345 2,195 2,345 2,195 330,118.0 339,101.3 330,118.0 339,101.3
February 2,407 2,220 4,752 4,415 365,884.6 325,467.9 696,002.6 664,569.3
March 2,976 2,387 7,728 6,802 479,022.6 380,892.4 1,175,025.3 1,045,461.7
April 2,971 2,547 10,699 9,349 439,055.5 387,729.8 1,614,080.8 1,433,191.6
May 2,133 2,493 12,832 11,842 326,774.2 423,922.7 1,940,855.1 1,857,114.4
June 2,351 2,554 15,183 14,396 341,772.4 405,742.1 2,282,627.6 2,262,856.6
July 2,186 2,466 17,369 16,862 871,612.9 387,641.5 3,154,240.6 2,650,498.1
August 2,130 2,303 19,499 19,165 652,640.7 346,983.2 3,806,881.4 2,997,481.4
September 1,918 2,303 21,417 21,468 355,945.2 346,335.3 4,162,826.6 3,343,816.8
October 1,105 2,313 22,522 23,781 218,332.9 364,155.7 4,381,159.6 3,707,972.5
November 0 1,683 22,522 25,464 .0 235,599.2 4,381,159.6 3,943,571.7
December 0 1,559 22,522 27,023 .0 216,127.0 4,381,159.6 4,159,698.7
Listings Last Year (Units): 27,023 Listings Last Year (Dollars): 4,159,698,792
Year to Date (Units): 22,522 Year to Date (Dollars): 4,381,159,602

83.34 % Last Year vs Y-T-D: 105.32 %

Sales Sales Dollars (in Thousands)

Month Year-to-Date Month Year-to-Date

This Year Last Year This Year Last Year This Year Last Year This Year Last Year
January 849 818 849 818 86,647.9 74,165.2 86,647.9 74,165.2
February 1,001 871 1,850 1,689 108,651.7 79,277.2 195,299.7 153,442.5
March 1,319 1,054 3,169 2,743 148,214.2 99,748.1 343,514.0 253,190.6
April 1,529 1,094 4,698 3,837 188,096.0 103,916.8 531,610.0 357,107.4
May 771 1,079 5,469 4,916 86,910.9 117,240.7 618,521.0 474,348.1
June 803 1,164 6,272 6,080 131,165.9 130,979.4 749,686.9 605,327.6
July 758 1,129 7,030 7,209 91,933.9 131,337.3 841,620.8 736,664.9
August 901 1,172 7,931 8,381 100,527.5 141,627.2 942,148.4 878,292.2
September 893 1,154 8,824 9,535 99,022.6 125,292.9 1,041,171.1 1,003,585.2
October 478 1,136 9,302 10,671 52,242.4 124,470.9 1,093,413.5 1,128,056.1
November 0 731 9,302 11,402 .0 80,001.1 1,093,413.5 1,208,057.3
December 0 727 9,302 12,129 .0 76,881.7 1,093,413.5 1,284,939.0
Sales Last Year (Units): 12,129 Sales Last Year (Dollars): 1,284,939,079
Year to Date (Units): 9,302 Year to Date (Dollars): 1,093,413,586

76.69 % Last Year vs Y-T-D: 85.09 %
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