February Rockford Inventory

At the start of February 2009 Rockford’s real estate market had the following for inventory:

The single family homes for sale have an average of:

  • 3 1/2 beds
  • 2 1/2 baths
  • 1989 built
  • 2,223 finished square feet
  • An asking price of $239,298 and have been on the market over 180 days

The townhomes for sale have an average of:

  • 3 beds
  • 3 baths
  • 2005 built
  • 1,468 finished square feet
  • An asking price of $193,975 and have been on the market over 320 days

Rockford Real Estate Statistics 2007 – 2008

Many people have asked me how is the Rockford real estate market compared to previous years?  In another post we will look at the start of 2009 but here are some good stats for 2007 & 2008.

                                      2007        2008

New Listings:       176       124       -29.5%

Closed Sales:       74       40       -45.9%

Average Sale Price:       $276,044       $219,550       -20.5%

% Of Orig List Price:       93.7%       91.7%       -2.2%

Avg Days On Market:       61       132       +116.2% 

Graph