Rockford Real Estate Market Report October 2016
Welcome to the Rockford Real Estate Market Report. Here you will find the current market information for October 2016 as reported by the Grand Rapids Board of Realtors. If you would like to have these market reports sent to your inbox for a specific area of town, simply drop us an email with your area(s) of interest and we will set you up. We cover the entire Southwest Michigan area including the Lakeshore.
In this latest market report from October 2016, we are continuing to experience a very active market. Sales to Listing price ratio is very high with a 99.4%, which is UP slightly from October’s 99.2%. This indicates that Rockford Real Estate is performing very well and selling at close to full price. The median price of active listings in October was $300,000 while the median price of sold property was $241,750.
Median SOLD price is slightly down from September and DOM (days on the market) has increased.
There are currently 112 active listings (32 new listings in October) with 54 properties selling.
The average days on the market for October is 67 days, which is slightly down from 50 days on the market in September.
If you are looking for a home or condo, let us help you get notified right away of any new listings with our Listing Alert System.
What is Your Home Worth?
We have qualified buyers actively looking for real estate throughout the Grand Rapids Real Estate market including Rockford! Do you have a home or condo to sell? If you do, please click on the image above and get an instant estimate of your home’s value (no charge).
We can also provide a detailed Price Trend Analysis complete with your closing cost estimate if you prefer. Please contact us at your earliest convenience.
Sign up for Listing Alerts!
You can use this website to sign up for listing alerts and have new listings sent directly to your inbox for every condo development, gated community and waterfront home in the area. Or create your own unique listing alert for your specific needs. The emails go out daily and you have a much greater chance of seeing that home you have been looking for and avoiding learning about it a day late.
