If you’ve been on the fence about selling your home, now might be the time to take action. Recent market trends indicate that buyer activity is increasing, creating new opportunities for sellers in West Michigan.
The Market Is Picking Up
According to Keeping Current Matters, buyer demand is on the rise, fueled by factors such as stabilizing mortgage rates and a persistent housing shortage. The National Association of Realtors (NAR) reports an uptick in existing home sales, meaning more buyers are making moves.
Locally, Ottawa County’s February 2025 market data reflects a similar trend. While the number of sold listings is relatively stable (down just 1.7% from last year), median home prices have increased by 3.38% year-over-year to $375,000. This suggests steady appreciation and continued demand for well-priced homes.
What Sellers Need to Know
- Prices Are Holding Strong: Home values in Ottawa County remain competitive, with the average list price rising 3.44% year-over-year to $652,455. While the average sale price saw a slight dip, the median sale price increase indicates that demand remains stable for mid-range homes.
- High Demand for Move-In Ready Homes: The days on market (CDOM) have increased compared to last year, with the median now at 24 days (up 60%). This means well-prepared homes are still selling but may take slightly longer to attract the right buyer. Strategic pricing and professional marketing are key.
- Inventory Remains Low: The absorption rate (how long it would take to sell all current listings at the current pace) is at 1.39 months, down 11.46% from last year. This suggests a continued seller’s market, with limited inventory driving competition for desirable homes.
- More Activity in Higher Price Points: Sales in the $500,000-$599,999 range jumped by 47.8% year-over-year, indicating that buyers in higher price points are active. If your home falls within this range, now could be a great time to list.
Is It Time for You to Sell?
The West Michigan real estate market remains dynamic, with strong buyer interest and increasing home values. If you’re thinking about selling, now is the time to explore your options.
Want to know what your home is worth in today’s market? Let’s connect and develop a strategy to maximize your sale!