Low Inventory is Challenging the Spring Housing Market in West Michigan
Posted by Liz Huls on Tuesday, May 13th, 2014 at 10:36am.
Tight Inventory is the biggest obstacle we have in this Spring housing market! A normal real estate market has between a six-to-seven month supply of homes available. In West Michigan 2014 has our monthly supply of available homes for sale at about 4.5 months. This years inventory levels continue to run well below the average, with March 2014 listings being 26.5% less than last year. MORE