Rockford real estate market report for the month’s of March, April and May 2008 compared to same time-line in 2007 has been both up and down.  Here is the information on the stats pulled from a reliable data source that shows the average home sale price and the change up or down between 2008 and 2007:

March 2007 = Average sale price $413,454 v.s. 2008 of $237,108 that’s a drop of 42.65%
April 2007 = Average sale price $301,200 v.s 2008 of $320,000 that’s a gain of 6.24%
May 2007 = Average sale price $257,640 v.s 2008 of $219,742 that’s a drop of 14.71%
These numbers for Rockford real estate include both new homes, existing homes, land, town-homes, duplex and commercial real estate in Rockford combined.

Derrick