Spring 2026 Market Update
The Grand Rapids Area spring market is heating up. Desirable listings are going very fast, above asking, etc; less desirable or overpriced listings are sitting...mediocre listings are often getting lots of showings due to decent pictures...and then are maybe getting one offer; all of which is what is what we expected, and has been the norm.
Here's the snapshot for today:
Active Listing: 889
Under Contract Listings: 1,068
Sold in Last Year: 10,550
Months of Inventory on the Market: 1
There are more listings under contract than on the market, unlike a month ago when pending listings and active listings were at roughly the same level. This is a good sign. When we look at Under Contract listings and see that it is markedly higher than what's on the market, then we know there are listing coming on the market, everyday, and I am seeing this happen as I search for listings for my clients. This is "go time" for the spring market, everyone is back from spring break and those planning to list their homes are doing spring clean ups and projects, and buyers are getting preappoved and are ready to hit the streets. This momentum will only increase over the next two months.
Good news for buyers: Lots of people are listing their homes this year, I predict significantly more so than last year, so there will be more to choose from, and interest rates are slighly lower than last year.
Good news for sellers: You wont "miss the market" this year if you dont list until the summer, and it's going to take an enormous amount of listings to make it a buyers market...I do not foresee this happening this year...I'll let you know if/when we are approaching two months of inventory on the market, but right now, its super low, at one month of inventory. A buyer's market would not even begin until we have three months of inventory.
Call, text, or email if you have any questions!
For a market update of other metro areas, reach out and I'll put one together and we can discuss. I work in the Kalamazoo, Battle Creek, Lansing, Muskegon, Grand Haven, and Holland areas, and everywhere in between.
Best Regards,
Joe