Current Absorption Report ~ Rockford Michigan ~ May 2009

Current Absorption Rate for Rockford Michigan is 15 months

on average, which means if no new listings come on the market,

it will take 15 months to sell current inventory.  This is a small

decrease from last month. If you aren’t serious about selling

your Rockford home, don’t put it on the market.  If you have

to sell, it must be priced correctly and be in excellent condition

with the huge inventory available, buyers can be very picky.

Rockford Public Library Rockford MI

The under $200K market is moving faster than the over $200K.

Homes Less than $200,000 Since Jan 1, 2009 sold prices appear

to be still declining, even though 161 homes sold in

Rockford Public School District last month.

The over $200K market is rising in homes inventory but average

price per square foot seems to be stabilizing at $130/SqFt

.

258 Active Rockford MI Listings under $200,000

Sold Rockford Homes: 84

Pending Rockford Homes: 45

Average sold price  $ 132,396

High Sold price $196,330

Low Sold price  $40,000

Average Sold Price/SqFt  $88.36

 

Over $ 200,000 Rockford MI Homes

232 Active Rockford MI Listings

Sold Rockford Homes  27

Pending Rockford Homes 5

Average Rockford List Price:  $ 353,298

Average Rockford Sold Price: $ 308,656

Average Sold Price/SqFt  $ 130.00

High Sold Price $ 585,000

Low Sold Price  $200,000

Inventories have increased with the spring market and sales are

starting to take off in Rockford over the last month.  The absorption

rate is 15  months, at least 6–9 months longer than a normal market .

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

 

Rockford Michigan Absorption Report ~ April 2009

Rockford Michigan Absorption Report ~ Feb 2009

Rockford Michigan Absorption Report ~ January 2009

Rockford Michigan Top Best Home Buys ~ April 2009

 

Grand Rapids -Ada Real EstateWestbrook Realty

Copyright 2009  All rights reserved

Photo of Rockford Public Library – Downtown Rockford by Bonnie Westbrook

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