Current Absorption Rate for Rockford Michigan is 16.7 months
on average, which means if no new listings come on the market,
it will take 16.7 months to sell current inventory.
Pebbles Park
The under $200K market is moving faster than the over $200K.
Less than $200,000 Since July 1, 2008
168 Active Listings under $200,000 in Rockford MI
Sold Rockford Homes 102
Average sold price $ 140,296
High sold price $200,000
Low sold price $40,000
Average Sold Price/SqFt $91.21
Over $ 200,000 Rockford MI Homes
139 Active Rockford MI Listings
Sold Rockford Homes 17
Average Rockford List Price: $ 345,721
Average Rockford Sold Price: $ 310,740
High Sold Price $ 515,000
Low Sold Price $215,000
Even though inventories are still high in this market, the absorption
rate is inching downward. Last month, over 18 months of homes to
sell, and this month only 16 months. You still have to have your
home 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.
Grand Rapids -Ada Real Estate – Five Star Real Estate
Copyright 2009 All rights reserved
Photo of Pebbles Park – Downtown Rockford by Bonnie Westbrook
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