Well, it’s been a long time since we could say this, but the Grand Rapids real estate market is hot!!!

The listing inventory for single family homes and Condominiums  is the lowest for the Grand Rapids real estate board since 2006.  We have a total of 4024 properties for sale. that is down 8% from last year and 11% from 2010.

In East Grand Rapids real estate, there are 83 current active listings, both single family and Condominiums and that number is down from a high of 157 back in 2008.

In the Forest Hills school district, which is Grand Rapids Township, Ada Township and Cascade Township, there are currently 261 properties for sale, that is down from a high of over 372 back in 2008.

In the Rockford school district, there are 270 properties currently listed, that is down from over 390 back in 2008.

In the Caledonia school district, there are 156 properties currently listed, down from over 284 in 2008.

What this all means is this:  With less inventory on the Grand Rapids real estate market, and interest rates at all time record lows of between 3-4% for a 30 year fixed rate mortgage,  homes are selling and buyers are buying.  So, if you are thinking about jumping into the Grand Rapids real estate  market whether it is buying or selling or both, now is the time. Make sure you choose a Grand Rapids real estate agent that has knowledge of the market and has lived in the area for a good portion of his or her life, because knowledge of the area is as important as knowledge of the real estate market.  Prices are still very attractive, but starting to come up a few percentage points every month and locking into a mortgage at today’s rates is something that we may never see again in the next 50 years.

Check out this article on the Grand Rapids Real Estate Market by Cami Reister of the Grand Rapids Press. It shows again that the Grand Rapids Real Estate Market is continuing it’s come back.

4554 W Shore MLS# 759604 – Was $399,900 , now $349,000. Check it out at my website.