ARE HOMES REALLY SELLING FOR THAT MUCH OVER ASKING PRICE IN NORTHEAST WISCONSIN?
NORTHEAST WISCONSIN MARKET UPDATE – ARE HOMES REALLY SELLING FOR THAT MUCH OVER ASKING PRICE IN NORTHEAST WISCONSIN? Video Here: Northeast Wisconsin Market Update - March 29 Yesterday, I shared about inventory and the real numbers for our market. I get asked questions about the craziness of the market and know that people are hearing all kinds of stories about how much over list price houses are selling for. I thought it would be interesting to run the actual data from our region – I did this not knowing what I would find. There are nuances to being successful in getting an offer as a home buyer in the 2022 housing market. It really helps to understand the data though before you make a buying decision based on rumors and news reports. For the homes sold between January 15, 2022 and today (March 29, 2022), here is what I found: Oshkosh, Wisconsin – 131 homes sold; 76 sold for under or at list price, of the 55 over list price – the median overage was $10,000 Appleton, Wisconsin – 147 homes sold; 57 sold for under or at list price, of the 90 over list price – the median overage was $11,600 Neenah, Wisconsin – 91 homes sold; 44 sold for under or at list price, of the 47 over list price – the median overage was $10,000 Additionally, if we just look at the median over/under price: 🏡Oshkosh – Median list prices- $165,000; 🏡actual median sold price $162,000 🏡Appleton – Median list price - $229,900; 🏡actual median sold price $235,000 🏡Neenah – Median list price - $280,000; 🏡actual median sold price $280,000 This market is tough. With so few homes, there truly are competitive offers being made. Price is NOT the only factor that is winning offers. Understanding what the seller needs is winning offers. That’s where your agent and the seller’s agent come in. We work together to find a win-win for both buyers and sellers. Get an agent that will share data with you AND is willing to work closely with other agents (ask them to give you an example of a time they did so.) Today, be empowered with the facts. Let the data help you decide your next steps. Let us know how we can help too! Follow us on Facebook and Instagram: https://www.facebook.com/joinfreedomteam https://www.facebook.com/valeriecohn.gehrke/ https://www.facebook.com/kyle.meyer.965 https://www.facebook.com/lauren.nobbe.3 https://www.instagram.com/joinfreedom... https://www.instagram.com/vcohngehrke/
Read MoreMaking Your Offer Competitive When Buying a Home
Lauren explains multiple considerations when you are making an offer on a home in Wisconsin right now. These considerations include the condition of the home, your financial situation, the local market, Seller needs and more. https://youtu.be/_Sxy16E1ino Our Website: www.joinfreedomteam.com Follow us on Facebook and Instagram: https://www.facebook.com/joinfreedomteam https://www.facebook.com/valeriecohn.gehrke/ https://www.facebook.com/kyle.meyer.965 https://www.facebook.com/lauren.nobbe.3 https://www.instagram.com/joinfreedom... https://www.instagram.com/vcohngehrke/ Want to see the value of your home? Try out this tool (Homebot): https://hmbt.co/tYT87D
Read MoreImportance of Comparative Market Analysis for a Home Buyer
Lauren walks through the importance of working with your Agent to create and review a comparative market analysis as a home buyer. You'll consider the local Wisconsin market, the neighborhood, the condition of the home, and more to help develop this useful tool. https://youtu.be/kYHD2-ywh0E Our Website: www.joinfreedomteam.com Follow us on Facebook and Instagram: https://www.facebook.com/joinfreedomteam https://www.facebook.com/valeriecohn.gehrke/ https://www.facebook.com/kyle.meyer.965 https://www.facebook.com/lauren.nobbe.3 https://www.instagram.com/joinfreedom... https://www.instagram.com/vcohngehrke/ Want to see the value of your home? Try out this tool (Homebot): https://hmbt.co/tYT87D
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