It’s taken about a decade, but the Grand Valley real estate market appears to be recovered from the latest recession and the market is projected to surpass peak numbers it reached just before the last economic downturn. “It’s taken that long,” Bray Real Estate CEO Robert Bray said. After four straight years of growth, 2018 should be another strong year for the residential and commercial real estate industries, experts say, with only a lack of inventory posing any barrier to robust growth. Residential sales and median prices grew again in 2017 and should continue their upward trend in 2018. However, inventory — the number of homes on the market — continues to decrease and new home building this year should only keep pace with current totals.
Source: Joe Vaccaerlli