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

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