Current Absorption Report ~ Rockford Michigan ~ April 2009

Rockford Michigan Real Estate Market Report March 2009

Current Absorption Rate for Rockford Michigan is 24.69 months

on average, which means if no new listings come on the market,

it will take 24.69 months to sell current inventory.  This is a

slight  increase since last month.  If you don’t need to sell

your Rockford home, don’t put it on the market.  If you have

to sell, it must be priced correctly and be in excellent condition

with the huge inventory available, buyers can be picky.

 

The under $200K market is moving faster than the over $200K.

Homes Less than $200,000 Since Oct 1, 2008 sold prices are

still declining, even though 20 homes sold last month in Rockford

Public School District.

The over $200K market is starting to rise in average price and

price per square foot over the last month, though inventory is

still very high.

204 Active Rockford MI Listings under $200,000

Sold Rockford Homes: 87

Average sold price  $ 135,626

High sold price $196,330

Low sold price  $40,000

Average Sold Price/SqFt $87.67

Over $ 200,000 Rockford MI Homes

159 Active Rockford MI Listings

Sold Rockford Homes  16

Average Rockford List Price:  $ 352,855

Average Rockford Sold Price: $ 346,500

Average Sold Price/SqFt  $135.57

High Sold Price $ 515,000

Low Sold Price  $200,000

Inventories are increasing with the spring market and sales are

slowing in Rockford over the last 7 months.  The absorption

rate is extremely high at 24.69 months. It is imperative that you

have your home in great condition and 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:

1-888-240-1968 ext 0

email: terry@terrywestbrook.com

 

Rockford Michigan Absorption Report ~ Feb 2009

Rockford Michigan Absorption Report ~ January 2009

Rockford Michigan Top Best Home Buys ~ April 2009

 

Grand Rapids -Ada Real Estate – Westbrook Realty

Copyright 2009  All rights reserved

Photo of Rockford Public Library – Downtown Rockford by Bonnie Westbrook