June 2016 Market Report is Now Available

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June 2016 Market Report Cover

At the end of June 2016, there were 8,030 homes on the market (up 6.9% from June 2015). 7,220 homes were under contract at the end of June 2016 (down 3.8% from June 2015). There were 5,420 homes sold in June 2016 (down 16.9% from June 2015). It took on average 20 days for a home to go under contract in June 2016 (no change from June 2015). The average sold price in June 2016 was $418,747 (up 12.3% from June 2015). Finally, the average percent of sold price to list price in June 2016 was 101.0% (no change from June 2015).

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Residential Highlights:

June 2016 Kentwood Real Estate Snapshot