Current Wyoming Michigan Real Estate Market

 

     The Absorption Rate for Wyoming MI Homes is        

     7 months supply, which means that if no new

     homes enter the market, it will take 7 months

     to deplete the existing inventory of homes.

 

house for sale picture

 

 

     There are currently 138 Active Listings in  

     Wyoming, Michigan.

     Since Oct 1, 2008, there have been 117 SOLD

      and Pending Wyoming MI Homes.

The high SOLD Price is $ 175,000 the low sold price is $ 50,000.

 

The average Sold Price is $ 87,828

Average Sold Price /Sq Ft is $75.95

The average List Price is $ 100,996

Average List Price/Sq Ft $ 92.99

Market Analysis: Wyoming homes continue to sell and the

absorption rate is fairly low for the Grand Rapids Area.

The bad news is that home prices continue to decline, going

down another 10% on average since December 2008.

Inventory is going down and this might drive prices up again.

If you are considering buying a Wyoming home, now is the

time.  I believe we have hit bottom on the market this winter

and spring and summer will see decreased inventory and

less selection.  This usually brings prices up.

 

If you have questions about your Wyoming MI or Grand Rapids

home, please contact me directly.

 

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

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