According to the Wisconsin REALTORS Association, home-sale prices in the state held up better than the U.S. average in 2008. While home prices declined 9.5% nationally, prices dropped only 3.7% in Wisconsin. The average 2008 sale price of a residence in Wisconsin was $158,000. WRA President Bill Malkasian notes that prices in Wisconsin outperformed those elsewhere in the Midwest region too.
According to REALTORS Association of Northeast Wisconsin stats, home prices in the Green Bay market dropped only 2.16%. The average 2008 sale price of a home in Green Bay was $157,643, with an average of 148 days on market.
ERA Titletown, REALTORS is proud to offer you our preferred property program, Gold Star Property. Enlisting in the Gold Star Program ensures you a faster and smoother sale, since each Gold Star Property must pass a thorough inspection and includes an ERA Home Protection Plan. This assures buyers they are getting a quality home which is properly priced - without unpleasant surprises.
Our 2008 year end results for this program yielded an average of 96 days on market, compared to the average of 156 days for the local market as a whole.
Craig Amundson
REALTOR
ERA Titletown, REALTORS
Glad to hear the Green Bay market is faring better than most… when do you think we’ll hit a bottom in home prices? I’m a would-be-first-time home buyer, and there are two things keeping me from taking the plunge:
1: Access to Financing
2: Knowing how the next few months of the stimulus are going to shake out
Please post some news from the stimulus as soon as you know anything… it’s hard to interpret the talk from the news networks.
Thanks for the info!