As national home sales increased during the month of May by 44% according to the National Association of Realtors®, WZZM 13 On Your Side spoke with Sable Homes Sales Manager Karin Kay about West Michigan’s current housing inventory and changes in buyer behavior.
Kay told WZZM that many buyers are turning toward building a home due to the current low inventory of existing homes.
“If something were to happen economy-wise, I don’t think West Michigan would be affected as much as other places,” Kay told WZZM. “We have a backlog of probably six months of people looking for houses and still can’t find them. Houses are just flying off the market, and people have been looking for a long time.”
Other trends that Kay and her colleagues at Sable Homes are noticing as West Michigan begins to exit the COVID-19 shutdown is that buyers are willing to move further out from the urban core of Grand Rapids and are looking for larger lots to address personal recreation needs. Home buyers are also looking for space to work in their homes. “Additional Ethernet hookups are trending,” said Kay. Click here to read and view the full WZZM 13 On Your side report.