Here is a quick look at the North Muskegon real estate market over the past 14 months.
As you can see, the listing inventory of homes listed for sale has been lower in the past 5 moths than at any time over the past 14 months. Pending sales are up a minimum of 25% higher than at any time since February 2012. As far as Sold goes, April had more Sold listings close than 13 of the past 14 months and only one sale short of the highest month in the past 14 months.
What does this mean to you?
If you are thinking of buying a home in North Muskegon, have your agent get busy and set up an automated search so you will know as soon as a new listing hits the market. Homes priced right are selling quickly! It may not be a Buyer's Market anymore. There are nice homes on Bear Lake, Muskegon Lake, and the Bear Lake Channel.
If you are thinking of selling, now is a good time. It may be the best Seller's Market in many years and no telling how long it will last. Interest rates are at a record low. This means buyers can afford a nicer house now than they will be able to once rates start to climb. The lower interest rates keep the payments lower which means they can search in a higher price range.
This is a unique market and being proactive is going to be on the utmost importance. If you have any questions, please feel free to give me a call, no strings attached.
-- Brent Link - Associate Broker AHWD, CIPS, e-Pro, SFR Coldwell Banker Woodland Schmidt Office 231-737-4004 Cell 231-206-2772 Fax 866-334-2775 LinkRealtor.com
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