Rockford Michigan Absorption Report ~ February 2009

Current Absorption Rate for Rockford Michigan is 16.7 months

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

it will take 16.7 months to sell current inventory.

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

Less than $200,000 Since July 1, 2008

168 Active Listings under $200,000 in Rockford MI

Sold Rockford Homes 102

Average sold price $ 140,296

High sold price $200,000

Low sold price $40,000

Average Sold Price/SqFt $91.21

Over $ 200,000 Rockford MI Homes

139 Active Rockford MI Listings

Sold Rockford Homes 17

Average Rockford List Price: $ 345,721

Average Rockford Sold Price: $ 310,740

High Sold Price $ 515,000

Low Sold Price $215,000

Even though inventories are still high in this market, the absorption

rate is inching downward. Last month, over 18 months of homes to

sell, and this month only 16 months. You still have to have your

home 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.

Grand Rapids -Ada Real Estate - Westbrook Realty

Copyright 2009 All rights reserved

Photo of Pebbles Park - Downtown Rockford by Bonnie Westbrook