The residential real estate market in West Michigan is picking up right where it left off.
The first quarter of this year saw an unusually busy period, but that was quickly quelled in the second quarter due to the state’s shutdown because of the coronavirus.
Since Gov. Gretchen Whitmer partially reopened the state, however, the market has been surging forward.
“Just on closed sales in January, the Greater Grand Rapids market was up about 24% from the same time in 2019, so that was a pretty drastic increase,” said Dave Veldkamp, co-owner of RE/MAX of Grand Rapids. “The amount of new listings that we put up was about 9% in that month, so we had a strong month both for closings and new listings coming up.”
Although the governor’s “Stay Home, Stay Safe” order was put in place in March, Veldkamp said there already were sales pending in the first quarter, so several companies were allowed to close sales throughout April.