Howard Suamico WI Green Bay Real Estate Market Update Data from July 1, 2009

Today i’m going to be evaulating the Howard Suamico WI Real Estate market but before we get into that I’d like to share with you why I personally enjoy the Howard Suamico WI area. One of the most beautiful scenic area’s in my opinion is Howard-Suamico WI.

Benefits of living in Howard Suamico WI

Real estate in Howard Suamico WI offers all different types of waterfront property and also fully wooded areas.
The Howard Suamico WI School District is award winning and has a very strong reputation in giving back to the local community.
There are many corporations that call Howard Suamico, WI there home.
If you enjoy spending time in the outdoors and taking your kids to spacious, beautiful, and well kept parks Howard Suamico WI is the place to call home.

Evaulating the Real Estate Market in Howard Suamico WI

For those of you who are unfamiliar with the term absorption report I’ll explain. It’s a term becoming much more widely used in the real estate world. An absorption report is the measurement of how long it will take to clear out the inventory of homes based on how fast they are selling. If you’ve been watching the national media you will hear the terms buyers’ market and sellers’ market over and over again. One way to establish what kind of a market your home falls into is by using absorption reports.

When I study absorption reports I look at the specific area. In this case I’m studying the Howard Suamico Green Bay Real Estate Market. The power of studying individual markets and not the whole Green Bay Real Estate market is that I can get a pulse on what’s happening in the specific Howard Suamico Green Bay area.

Before we get into the hard numbers, let’s utilize a base point to determine what establishes each kind of market.

What determines a buyers market and or a sellers market in Green Bay Real Estate Market

Market Absorption Analysis:

6 Months Supply = Balanced Market
Less than 6 Months Supply is Sellers Market
More than 6 Months Supply is Buyers Market

The breakdown of the Howard Suamico WI Real Estate Market

The Howard Suamico Green Bay Real Estate Market in the price range from $0-$150,000 currently has 27 properties listed with an average of 95 days on market. There is an average of 5.92 homes per month selling which equates to a current monthly supply of 4.6.
The Howard Suamico Green Bay Real Estate Market in the price range from $150,000-$175,000 currently has 18 properties listed with an average of 104 days on market. There is an average of 4.17 per month selling which equates to a current monthly supply of 4.3.
The Howard Suamico Green Bay Real Estate Market in the price range from $175,000-$200,000 currently has 35 properties listed with an average of 197 days on market. There is an average of 3.00 per month selling which equates to a current monthly supply of 11.7.
The Howard Suamico Green Bay Real Estate Market in the price range from $200,000-$250,000 currently has 42 properties listed with an average of 118 days on market. There is an average of 2.67 per month selling which equates to a current monthly supply of 15.8.
The Howard Suamico Green Bay Real Estate Market in the price range from $250,000-$400,000 currently has 66 properties listed with an average of 145 days on market. There is an average of 2.25 per month selling which equates to a current monthly supply of 29.3.

The positive and negatives of the Howard Suamico WI Real Estate Market

In conclusion the data above show’s some huge positives for the Howard Suamico Real Estate Market:

Homes below $175,000 have below 6 months of supply which indicates its a sellers market
Inventories below $175,000 are constantly moving

The data above shows some struggles in the 175+ price ranges:

Higher inventory numbers combined with lower sales per month
We need inventory to clear out to see an impact in the higher price points.
Hopefully the sales in the lower price points will bring buyers into the higher price points.

You can sell your home in the Howard Suamico WI area but it will take an agent who has a true understanding of the market conditions. If the agent you’re interviewing isn’t sharing this extremely important market data with you and creating a customized game plan to sell your house you should book an appointment with me at 920-617-9144. The Green Bay Real Estate Market is changing now is the time to align yourself with Greg Dallaire a true local Green Bay Real Estate Expert.

Greg Dallaire, also known as “Green Bay Greg” is the ‘premier’ Green Bay WI Real Estate expert. Greg’s approach is cutting edge, utilizing creative Internet marketing strategies to get your Green Bay Homes for sale sold! If you are looking for a true local expert with a proven track record of success in the Green Bay WI Real Estate market, give “Green Bay Greg” a call today at 920-217-2647. Watch Green Bay Greg’s Video Testimonials

You can search the entire Green Bay Real Estate Market at your convenience anytime by clicking here.