Hudsonville MI Real Estate Inventory Drops

Within the Hudsonville MI real estate market there is better news for homeowners who are desiring to sell their residential properties.  The months of inventory (the amount of months it will take to sell properties currently listed based on the sales over the past months) has dropped to 7.1 months, down from 9 months one year ago.

Months of Real Estate Inventory Hudsonville MI
Hudsonville MI Residential Real Estate Months of Inventory

Part of this improvement may be that there are fewer properties currently available though the number of pending and closed transactions has remained relatively stable over the last number of months as can be seen in the following graph:

Hudsonville MI Homes For Sale vs. Pending and Closed Sales

With interest rates so low, mortgage applications are up as people take advantage of the opportunity to move into the market, upgrade or simply reduce their monthly house payment.

If you are considering a real estate move, now may be the time!  I would be happy to speak with you about your situation to determine what your next step might be.

 

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