Current Wyoming Michigan Real Estate Market
The Absorption Rate for Wyoming MI Homes is
7 months supply, which means that if no new
homes enter the market, it will take 7 months
to deplete the existing inventory of homes.
There are currently 138 Active Listings in
Wyoming, Michigan.
Since Oct 1, 2008, there have been 117 SOLD
and Pending Wyoming MI Homes.
The high SOLD Price is $ 175,000 the low sold price is $ 50,000.
The average Sold Price is $ 87,828
Average Sold Price /Sq Ft is $75.95
The average List Price is $ 100,996
Average List Price/Sq Ft $ 92.99
Market Analysis: Wyoming homes continue to sell and the
absorption rate is fairly low for the Grand Rapids Area.
The bad news is that home prices continue to decline, going
down another 10% on average since December 2008.
Inventory is going down and this might drive prices up again.
If you are considering buying a Wyoming home, now is the
time. I believe we have hit bottom on the market this winter
and spring and summer will see decreased inventory and
less selection. This usually brings prices up.
If you have questions about your Wyoming MI or Grand Rapids
home, please contact me directly.
Grand Rapids Ada Real Estate ~ Westbrook Realty
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