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Rockford Michigan Absorption Rate ~ Dec 15, 2008

By
Real Estate Agent with Westbrook Realty Broker-Owner

Current Rockford MI Real Estate Market Report

Main Street in Rockford MI 49310

Current Absorption Rate for Rockford Michigan is 25.6 months on

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

25.6 months to sell current inventory.

The under $200K market is moving about 4 times faster than the over $200K.

320 Active Listings in Rockford MI today.

57 Sold Rockford Homes since July1, 2008 with high price at $385,000

and the low price at $20,000.

18 Pending Home Sales since Oct 30, 2008 to date.

Average Rockford List Price:  $ 250,070

Average Rockford Sale Price: $ 207,403

 

If you have any questions about a Rockford or Grand Rapids MI

home, please contact me directly.

 

Grand Rapids -Ada Real Estate - Westbrook Realty

 Copyright 2008  All rights reserved

 Photo of Downtown Rockford by Bonnie Westbrook

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Comments(2)

Bonnie & Terry Westbrook
Westbrook Realty - Ada, MI
Grand Rapids MI Real Estate

Rockford is such a nice town and almost Norman Rockwellish, at times.  I'm surprised to see that

there is a back log of houses here for sale, over 2 yrs of inventory, ouch.

Dec 15, 2008 01:08 PM
Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

Bonnie: We like it and I'm sure it will recover.

Dec 15, 2008 01:44 PM