The title of this blog post says it all. The state of Wisconsin has had the strongest first quarter for the housing market since the crash and recession of 2007. That is wonderful news!
According to the Wisconsin Realtor Association, WRA:
“First quarter sales were up 4.2 percent compared to the first quarter of 2015, and median prices rose 6 percent to $150,000 over that same period. For the month of March, sales slipped slightly, falling 1.4 percent relative to March 2015, but median prices continued to rise, up 4 percent to $155,000 in March 2016. ”
Since the first quarter did so well, this puts the housing market in the position to continue along the same lines for spring and summer. Even though these stats are for the whole state of Wisconsin, the lovely City of Green Bay and De Pere are in great positions as well. How do I know? Ask my buyers who get outbid on homes they put OVER ASKING PRICE offers on. Or ask my sellers, who get multiple offers on their property within 2 weeks of market activity.
Why, oh why is the Green Bay and De Pere housing market so hot right now? Well, mortgage rates are still low, but the biggest reason, is that there is less homes for sale than ever. Supply and demand, my friends! A low housing inventory creates a stronger demand.
I’m curious to see what’s in store for Green Bay and De Pere for the remainder of the year!
Want to sell your home for the most amount of money? Contact Realtor Elysia Diaz