Current Absorption Rate for Rockford Michigan is 4.79 months

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

market, it will take 4.79 months to sell current home inventory.

Rockford Public Library Rockford MI

March 15, 2010 – June 14, 2010

Rockford  Homes Less than $200,000

Active Listings – 217

Pending Homes – 52

Sold Rockford Homes 111

Average sold price  $ 139,345  140,296

High sold price $199,900

Low sold price  $44,250

Average Sold Price/SqFt $98.08

Over $ 200,000 Rockford MI Homes

Active Rockford MI Listings – 162

Pending Rockford Homes – 23

Sold Rockford Homes  – 51

Average Rockford List Price:  $ 356,650

Average Rockford Sold Price: $ 336,866

High Sold Price $ 1,299,000

Low Sold Price  $202,000

Even though inventories are still high in this market, the

absorption rate is back in normal range.  It has been a good

spring market for the Rockford area.  We still recommend

you have your home priced correctly, over-priced homes

will not sell in this buyer’s market.

If you have any questions about Rockford or

Grand Rapids MI homes, please contact me directly.

Grand Rapids Real Estate – Westbrook Realty

Copyright 2010  All rights reserved

Photo  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. Grand Rapids Michigan is a vibrant, growing metro-

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entertainment of all kinds.

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Contact Terry   616-292-7263