Rockford Michigan Absorption Report ~ May 2009

Current Real Estate Market Report ~ Rockford Michigan ~ May 2009

Current Absorption Rate for Rockford Michigan is 15 months

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

it will take 15 months to sell current inventory. Although this is a

9 mo. decrease from last month, inventory is still high.

If you aren't serious about selling 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 very picky.

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

Homes Less than $200,000 Since Jan 1, 2009 sold prices appear

to be still declining, even though 161 homes sold in

Rockford Public School District last month.

The over $200K market is rising in homes inventory but average

price per square foot seems to be stabilizing at $130/SqFt

.

258 Active Rockford MI Listings under $200,000

Sold Rockford Homes: 84

Pending Rockford Homes: 45

Average sold price $ 132,396

High Sold price $196,330

Low Sold price $40,000

Average Sold Price/SqFt $88.36

Over $ 200,000 Rockford MI Homes

232 Active Rockford MI Listings

Sold Rockford Homes 27

Pending Rockford Homes 5

Average Rockford List Price: $ 353,298

Average Rockford Sold Price: $ 308,656

Average Sold Price/SqFt $ 130.00

High Sold Price $ 585,000

Low Sold Price $200,000

Inventories have increased with the spring market and sales are

starting to take off in Rockford over the last month. The absorption

rate is 15 months, at least 6--9 months longer than a normal market .

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 ~ April 2009

Rockford Michigan Absorption Report ~ Feb 2009

Rockford Michigan Absorption Report ~ December 2008

Rockford Michigan Top Best Home Buys ~ April 2009

Rockford Michigan Video Tour

Grand Rapids -Ada Real Estate - Westbrook Realty

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Photo of Rockford Public Library - Downtown Rockford by Bonnie Westbrook