How did the West Michigan area compare to last year's market stats.  Check it out.  Contrary to media belief, last year (2007) was very comparable to 2006.  I look forward to an upward turn in 2008!!!

Single Family and Condo Report

Price                                            #Sold through

                                                            December  

$0 to $  99,999                                         2912

$100,000 to $199,999                               4946

$200,000 to $299,999                               1158

$300,000 to $399,999                                 356

$400,000 to $499,999                                 134

$500,000 and over                                      142

New Listings Jan - Dec.

2007                   2006

34,263               34,500

Total Sales

2007                   2006

10,355                10,643

Average Home Price

2007                   2006

$149,436            $160,793

All in all, things averaged out and were very comparable to 2006.  Be sure to keep watching this blog for the latest market trends.

** All information is gathered from the Grand Rapids Association of Realtors MLS board.