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.
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 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