Forest Hills Michigan Absorption Report ~ March 2009
By Terry & Bonnie Westbrook, Westbrook Realty - Grand Rapids Forest Hills MI Re
(Westbrook Realty Broker-Owner)
Forest Hills is actually a school district in Ada Cascade MI. This market is always active. These Grand Rapids suburban communities have wonderful neighborhoods, some new and some older with Top Ranked Forest Hills Public Schools, and private schools, such as Ada Christian & St Roberts that attract many home owners. This report will cover the Sept 1, 2008 to March 29, 2009 real estate market activity. Forest Hills MI Listings over $300,000 The absorption rate for Forest Hills MI is 18.9 months, which means if no new listings come on the market, it will take 18.9 months to sell the existing homes at the current rate of sale. This rate is up from last month, sold prices are about the same. Inventory is ticking up, but sales are holding fairly steady. Your Forest Hills h...
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