Home sales up 16.9% in 2009 from '08

Home sales increased by about 16.9 percent in 2009 compared to 2008.

In 2009, 11,033 single-family homes were sold compared to 9,507 reported in 2008, the Grand Rapids Association of REALTORS said in a news release.

Single-family home prices in 2009 were down 12 percent compared to 2008, and for the sixth consecutive month, December's number of active residential listings fell.

In December 2009, 665 single-family homes were reported as sold compared to 610 in December 2008, an increase of about 9 percent. The average single-family home sales price rose in December to $108,205 -- up 14.7 percent from $94,338 in December of the previous year.

Bob Young

Bob Young

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