Current Real Estate Market Report Rockford Michigan ~2009
Current Absorption Rate for Rockford Michigan runs from 9.7 months
for lower end homes under $ 185,000, up to over 3 years for the
very upper end of the Rockford market.
The lower end of the Rockford market is moving faster than
higher priced homes for 2009. With interest rates likely to
rise in 2010 and with buyer tax credits disappearing after
the first quarter, long listing times in Rockford will likely
continue into 2010, with a decrease in prices driven down
by weak buyer demand.
202 Active Rockford MI Listings under $185,000
Absorption Rate : 9.7 months
Sold Rockford Homes: 248
Pending Rockford Homes: 36
Average sold price $ 131,004
High Sold price $185,000
Low Sold price $53,900
Average Sold Price/SqFt $94.50
Rockford MI Listings $ 185,000 – $ 349,000
Absorption Rate: 13.4 months
140 Active Rockford MI Listings
Sold Rockford Homes 114
Pending Rockford Homes 11
Average Rockford List Price: $ 232,848
Average Rockford Sold Price: $ 234,978
Average Sold Price/SqFt $ 119.03
High Sold Price $ 345,000
Low Sold Price $186,500
Rockford MI Listings Over $ 349,000+
Absorption Rate: 38.5 months
Active Rockford MI Listings 77
Sold Rockford Homes 20
Pending Rockford Homes 4
Average Rockford List Price $484,919
Average Rockford Sold Price $438,008
Average Sold Price/SqFt: $ 162.35
Inventories will probably increase with the spring market and
buyers will have their pick of the best homes for sale.
It is important that you have your home in great condition
and priced correctly. Over-priced homes and tired looking homes
will not sell for top dollar in this buyer’s market.
If you have any questions about Rockford or
Grand Rapids MI homes, please contact me directly:
1-888-240-1968 ext 0
email: terry@terrywestbrook.com
Rockford Michigan Real Estate Market Reports
Copyright 2009 All rights reserved
Photo of Rockford Public Library – Downtown Rockford 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 metropolitan
area with a diverse business community, great medical research & services,
numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263