Many people have been asking me about what's going on in the market lately. I think this is a great time to let you know how things are shaping up for buyers and sellers in the Fox Cities and Green Bay.
Overall, the market is doing great. Sales were up nearly 15% this year from where they were in 2015. Our average days on market is about 8% lower than last year as well. This is amazing news for sellers. As you know, the quicker your home can sell, the more you will get for it.
From 2015 to 2016, our list-to-sale price ratio went up about 1% to 98%. This means that sellers are getting 98% of what they ask for on average. This is all really great news for sellers.
If you’re thinking about selling right now, you need to get on the bandwagon. If you’re on the fence, now is the time to get off it. Prices are at their highest level since 2006, homes are selling quicker, and they are selling for more money.
Not only is the residential home market up, but the multi-family home and commercial markets are up too. There is business moving into the area, lots of job growth, and people can afford that new home.
If you have any questions for us or are looking to buy or sell in the Fox Cities or Green Bay, feel free to give us a call or send us an email. We look forward to hearing from you soon!