Monday, October 22, 2012
Greater Kalamazoo Area Real Estate Market
In the Greater Kalamazoo Area the real estate market is showing good signs. The average days on market are down to 75 days on average, and the sale price to list price is up to 96%! Those are signs that our market is doing well. I mentioned months ago about how it was a good time to buy. Well it is still a good time to buy and still a good time to sell, however, the other information states that there are 10% fewer homes for sale vs one year ago and the same number of homes selling. This directly effects the sale price to list price ratio and is a good indicator that we are moving towards a sellers market.
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