We're seeing an encouraging uptick in new single-family home sales—up 6.4% in August, reaching an annual rate of 684,000. While that’s still 2% below last year’s pace, it’s a positive sign for buyers and sellers navigating today’s market. Inventory has held steady at 483,000 units, giving about an 8.5-month supply to work with. The median price rose slightly to $393,700 but remains 5.8% lower than a year ago, which may offer a bit of relief for those concerned about affordability. At The Teitsma Homes Team, we keep a close watch on these trends so our clients in Spring Lake, Grand Haven, and Muskegon have the insight they need—whether you’re considering new construction or finding your next waterfront property.
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