East Grand Rapids Michigan Real Estate Absorption Report ~ April 2009

Current Real Estate Market Report For East Grand Rapids Michigan

East Grand Rapids MI Public Library

Absorption rate for East Grand Rapids MI housing market is currently

at 11.29 months, which means if no new listings come on the

East Grand Rapids market, it will take 11.29 months for the existing

home inventory to sell.

There are 166 active listings on the East Grand Rapids market now,

up 26 from last month, ranging from $99,980 to $2,039,000.

20 Pending Home Sales w/ prices ranging from $ 99,900 to $ 499,000.

63 Sold Homes with sold prices ranging from $ 25,000 to $ 330,000

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. With the current lowest list price at 99,900,

it looks like the bargain basement days in EGR housing is phasing out.

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

please contact me directly:

ph 1-888-240-1968 ext 0

Photo of East Grand Rapids Public Library by Bonnie Westbrook

Grand Rapids Real Estate