Allouez is
nestled between the cities of
Green
Bay and
De
Pere. You will find a
welcoming community
that treasures it's rich history, recreational opportunities along the
Fox River and forward thinking attitude. Today we will be
focusing on the
Green
Bay Allouez 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 Green
Bay Wisconsin Allouez 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 Allouez area.
Before we get into the hard numbers, lets 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 number we need to focus on in this spreadsheet is the current monthly supply. You
can see that currently we are in a buyers market in Allouez. This is
not to scare you but to educate you on the whole Green Bay Allouez Real Estate
Market. Then you can be educated and know what you are up
against when you are considering selling your home.
Here's the positive about this negative spreadsheet. Homes are still
selling, just not at the current rate we would all like. You can still sell your home,
but it's going to take aggressiveness. It's more important than ever to
hire a realtor that understands your specific market.
If I can leave you with one last note- it's that you may end up netting
less than what you hoped for on your home, but you can also recoup it
on next home purchase. If you buy into another buyers' market and be
patient you can recoup some of your losess. Make sure you hire a buyer's
agent who understands these numbers and has your best interests in mind.
You
can be the first to receive this blog by subscribing via email.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Contact
Greg Dallaire Green Bay Real Estate Agent an Associate Broker for Micoley and
Company in
Green Bay, Wisconsin at 920-217-2647 to list your property for sale or
to purchase a property in Green Bay,
Howard, Suamico, East De Pere, West De Pere, Bellevue, Hobart,
Bellevue, Allouez, Wrightstown, Denmark and the rest of Brown County
Wisconsin. I'm
accepting referrals.
Call me today at
920-217-2647 . Contact me by email if you prefer by clicking on email
me on the right side of this page under my profile.
To view
Green Bay Real Estate For Sale Click here and then click on All Properties Greg Dallaire knows Brown County and
will help you get your
home Sold. If you need to Sell your home contact the Green Bay Wisconsin Real
Estate Expert Greg Dallaire.
Copyright
© 2008 By Greg Dallaire, All Rights Reserved. *
Green
Bay Real Estate - Allouez Market Report *
;)
;)
Greg - great information for your area! A buyer's market is a great time for buyers to buy (and should not be a scary term - it's just highly misunderstood) the more we get this information out the better things will get for our sellers. Great post.