East Grand Rapids Absorption Report ~ March 2009

Current Real Estate Market Report For East Grand Rapids Michigan

East Grand Rapids MI Public Library

march 2009 Absorption rate for East Grand Rapids MI housing

market is currently at 11.66 months, which means if no new listings

come on the East Grand Rapids market, it will take 11.66 months

for the existing home inventory to sell.

There are 154 active listings on the East Grand Rapids market now,

ranging from $109,899 to $2,039,000.

18 Pending Home Sales w/ prices ranging from $ 99,900 to $ 2,495,000.

75 Sold Homes with sold prices ranging from $ 25,000 to $ 912,500

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

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

in the last seven months. Since this market has such a wide range of

home prices, it is difficult to analyze. The higher priced listings are

selling, as well as the bargains below $100,000. The lowest priced

listing is now over $ 100,000 which we haven’t seen for over 6 months

here in the East Grand Rapids housing market.

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

please contact me directly.

Photo of East Grand Rapids Public Library by Bonnie Westbrook

Grand Rapids Real Estate