Grand Rapids-Wyoming-Kentwood, MI

With a pending ratio of 0.68 and increasing inventory, buyers are encountering more choices than in the prior period. However, the pace of demand absorption continues to exert pressure, indicating that properties are still moving relatively quickly. This environment suggests that while buyers may have marginally more room for negotiation, strong price discipline from sellers may be observed given the sustained demand.

Average listing prices are 28% higher than median listing prices, suggesting a significant premium for higher-end properties in the current market. No distinct luxury-segment signal in this dataset.

2,063 active listings represent the current floor, with new supply arriving at roughly 1,324 per month.

of active listings carry a price reduction, +2.3% from prior period.

Median price per square foot has moved +3.1% year-over-year.

Pending-to-active ratio — Accelerated.