Current Wyoming Michigan Real Estate Market
The Absorption Rate for Wyoming MI Homes is 7 months, which means
that if no new homes enter the market, it will take 7 months to deplete the
existing inventory at the current rate of sales.
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
Copyright 2009 All rights reserved
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The authors of the this blog write about Grand Rapids Real Estate, the Greater Grand Rapids MI area,
and what it is like to live in West Michigan. Grand Rapids Michigan is a vibrant, growing metropolitan
area with a diverse business community, great medical research & services, numerous universities,
plus lively arts and entertainment of all kinds. We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
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