Nationally, existing-home sales only increased 0.2% in April, while inventory rose to 1.47 million homes, equal to a 4.4-month supply. The national median existing-home sale price also reached $417,700, up 0.9% year over year. That tells us buyers are still buying, but they are being more selective and affordability is still a major factor.

Locally, the broader Greater Grand Rapids / West Michigan market is showing the same shift: buyers have more choices than before, but the best homes are still moving when pricing and strategy are right. According to the Greater Regional Alliance of REALTORS® April 2026 report, the Greater Grand Rapids Metropolitan Area had 1,500 current listings, including 1,062 residential listings, with about 1.1 months of inventory based on pending sales. April closed sales were down 8.0% year over year, but the average residential home sale price rose to $400,680, up 6.6% from last April. Pending activity was slightly up, with 1,061 pending sales, a 1.4% increase year over year.