East Grand Rapids MI Absorption Report ~ Dec 15, 2008
By Terry & Bonnie Westbrook, Westbrook Realty - Grand Rapids Forest Hills MI Re
(Westbrook Realty Broker-Owner)
Current Real Estate Market Report For East Grand Rapids Michigan Absorption rate for East Grand Rapids MI housing market is currently at 13.8 months, which means if no new listings come on the East Grand Rapids market, it will take 13.8 months for the existing home inventory to sell. There are 142 active listings on the East Grand Rapids market now, ranging from $70,000 to $4,000,000. 12 Pending Home Sales w/ prices ranging from $ 48,000 to $ 449,900. 60 Sold Homes with sold prices ranging from $ 93,500 to $ 1,275,000 since June 1, 2008 in the East Grand Rapids housing inventory. The lower end of this market (under $300K) has been 2/3 of the sales in the last six months. If you have any questions about the value of your East GR home, please contact me directly. Grand Rapids Ada MI Re...
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