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.

Rockford Public Library Rockford MI

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 – Five Star Real Estate

Copyright 2009  All rights reserved

Photo of Rockford Public Library by Bonnie Westbrook

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