Showings per Listing has Declined for Six Months Straight

An interesting statistic we're seeing in the greater Grand Rapids market is the buyer activity or showings per listing declining for the sixth month in a row.
There are a few different reasons for showings going down; either the Spring rush resulted in a lot of buyers acquiring a home, the buyers that didn't acquire a home stopped their search, or buyers are waiting until rates and prices go down to purchase.
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#realestatemarket #luxurymarketupdate #grandrapidsluxurymarket #luxuryhomes #marketstats
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