Wyoming Michigan Absorption Report ~ March 2009

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

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