The Southeast side of Green Bay offer’s many newer developments with all of you must have amenities such as shopping, great restaurants and so much more. One of the great draws to the Southeast side of Green Bay is the convenient location to everything the Greater Green Bay area has to offer. Today we will be focusing on the Southeast Green Bay Real Estate Market.
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 Northeast Green Bay Wisconsin 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 Northeast Green Bay area.
Before we get into the hard numbers, let’s utilize a base point to determine what establishes each kind of 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 Southeast Green Bay Real Estate Market in the price range from $0-$150,000 currently has 167 homes listed with an average of 122 days on market. There is an average of 12.75 homes per month selling which equates to a current monthly supply of 13.1.
The Southeast Green Bay Real Estate Market in the price range from $150,000-$175,000 currently has 26 homes listed with an average of 112 days on market. There is an average of 2.83 homes per month selling which equates to a current monthly supply of 9.2.
The Southeast Green Bay Real Estate Market in the price range from $175,000-$200,000 currently has 15 homes listed with an average of 122 days on market. There is an average of .92 per month selling which equates to a current monthly supply of 16.4.
The Southeast Green Bay Real Estate Market in the price range from $200,000-$250,000 currently has 25 homes listed with an average of 138 days on market. There is an average of 1.08 per month selling which equates to a current monthly supply of 23.1
The Northeast Green Bay Real Estate Market in the price range from $250,000-$400,000 currently has 20 homes listed with an average of 184 days on market. There is an average of .50 per month selling which equates to a current monthly supply of 40.
You can sell your home in the Northeast Green Bay 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 Home 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. View Green Bay Greg’s video testimonials
Disclaimer: Green Bay Real Estate Voice does not express the views of Micoley and Company. Copyright © 2009 By Greg Dallaire, All Rights Reserved. *Southeast Green Bay Real Estate Market Update June 1 2009*
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Greg, this side of town seems like a war zone with the exception of housing between 150-175k, Honestly, after looking at the North East side of Green Bay, I’m liking that better!
Robert,
You are right it’s surprisingly very different numbers from area to area in the Green Bay Market. That is why I find it so crucial to work with a local Green Bay Real Estate agent who analyzes more than just comparable properties.