Rockford Michigan Real Estate Market Report March 2009
Current Absorption Rate for Rockford Michigan is 25.58 months
on average, which means if no new listings come on the market,
it will take 25.58 months to sell current inventory.
The under $200K market is moving faster than the over $200K.
Homes Less than $200,000 Since Sept 1, 2008
208 Active Rockford MI Listings under $200,000
Sold Rockford Homes: 67
Average sold price $ 144,596
High sold price $200,000
Low sold price $40,000
Average Sold Price/SqFt $91.09
Over $ 200,000 Rockford MI Homes
163 Active Rockford MI Listings
Sold Rockford Homes 20
Average Rockford List Price: $ 348,502
Average Rockford Sold Price: $ 314,293
Average Sold Price/SqFt $124.52
High Sold Price $ 515,000
Low Sold Price $200,000
Inventories are increasing with the spring market and sales are
slowing in Rockford over the last 6 months. The absorption
rate is extremely high at 25.58 months. It is imperative that you
have your home in great condition and priced correctly. Over-priced
homes will not sell in this buyer's market.
If you have any questions about a Rockford or
Grand Rapids MI homes, please contact me directly:
1-888-240-1968 ext 0
email: terry@terrywestbrook.com
Grand Rapids -Ada Real Estate - Westbrook Realty
Copyright 2009 All rights reserved
Photo of Pebbles Park - Downtown Rockford by Bonnie Westbrook
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The authors of the this blog write about Grand Rapids Real Estate,
the Greater Grand Rapids MI area, and what it is like to live in
West Michigan. We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
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