If you are thinking this year may be the time to buy or sell a home in Verona Wi, you probably are wondering how the new year is starting out.
Well we had a tough end to 2010 and there are many who are relying on an improved 2011 “Spring” season.
Let’s look at the early indicators, ie those in January. Actually these stats are closings that likely happened before the end of the year. But they are the best we have.
Single Family homes (not Condos)
There are currently 228 homes on the Verona market
43 homes came on the market in January and 11 sold/closed
That works out to a supply of 20 months of supply currently on the market. (Adsorption rate) This is not a good number, One month really does not tell us too much.
Last year for instance 49% of all homes for sale in Verona sold. Average days on Market was 93. The average sale price of $217,245 was 96.7% lower than the list price.
Guy Lofts is a 10 year resident of Verona Wi. He runs a team of Real Estate Agents called RealEstateGuy Team with Keller Williams Realty.