Migration Drives Home Sales in Mid-MSAs

Redfin reports that in one-third of the markets it tracks, the mid-size markets specifically, sales have increased by double digits versus the national average of sales increase of 7%. Inventory levels have fallen by about the same amount so a whipsaw effect that has driven days under contract down to 42 days, the shortest period ever recorded by Redfin.

High speed Internet, telecommuting, video conferencing, high tech inbounding marketing tools including CRM all have contributed to a surge in home sales in cities in the mid-size category including Grand Rapids. Located 30 minutes from Holland on Lake Michigan, with strong growth in medical-related employment as a regional hub for medical services in addition to tech-related jobs brings high quality of life with affordable housing. Public schools are impressive, Grand Valley is a growing state university, Calvin College a private one. Each one of these mid-size markets has a similar story of desirable lifestyle and affordable housing if the employment situation is flexible.