With the first quarter behind us, let's take a quick look back to see how we started the year and compare our current market to last year. We have seen just over 1800 residential sales about 15% less that 2022. By comparison, this pace of sales is similar to 2009-2010 and puts us on pace for 9000-9500 sales for the year. The good news is 80% of those sales are still ahead of us! The actions you take now will determine how much of the remaining market will you capture. Similarly, sales volume is down about 12% coming in around 640m compared to 725m last year. Unfortunately that does mean there is less money in the market and it will take more work than before to maintain your market share. Are you putting in the extra effort? The good news is home values are still strong and up over 6% when compared to 12 months ago and pending sales indicate prices will continue to climb. Finally, we encourage you to download our latest market summary guide covering sales information from 27 different school districts over a 6 month period which is now updated through March. It is designed to educate and save time. We publish it quarterly and it is our most popular resource. Keep Elevating Our Industry!
Download: Market Summary Quick reference Guide
David Veldkamp
Owner | RE/MAX GR
Mobile: 616.460.6123
Office: 616.957.0700
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