E Grand Rapids MI Absorption Report ~ Dec 15, 2008

Absorption rate for East Grand Rapids MI housing market is currently

at 13.8 months, which means if no new listings come on the

East Grand Rapids market, it will take 13.8 months for the existing

home inventory to sell.

There are 142 active listings on the East Grand Rapids market now,

ranging from $70,000 to $4,000,000.

12 Pending Home Sales w/ prices ranging from $ 48,000 to $ 449,900.

60 Sold Homes with sold prices ranging from $ 93,500 to $ 1,275,000

since June 1, 2008 in the East Grand Rapids housing inventory.

The lower end of this market (under $300K) has been 2/3 of the sales

in the last six months.

If you have any questions about the value of your East GR home,

please contact me.

Photo of East Grand Rapids Public Library by Bonnie Westbrook

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