The USA Today recently wrote an article on the Green Bay Real Estate Market. I'm extremely excited to see the national media talking about our Green Bay real estate market. The article touches on some interesting statistics that I'll expand on. You can go directly to this article at Real estate: It's a buyers' market in Green Bay, Wis.
In my Green Bay Real Estate Market Report post I looked at the Wisconsin Realtors Association yearly sales volume reports. I found that the best year to date was 2003 and that numbers were in line with those numbers in 2007. There were increases in 2004 and 2005, over and above the record breaking 2003 year. The USA Today is utilizing the same statistics that I used to establish my opinion of the Green Bay Real Estate Market. Green Bay is down 8.5 percent for monthly sales volume compared to 2007 to 2006 results. Comparing Wisconsin to the rest of the nation, Wisconsin has plenty to be extremely happy about. Keep in mind it still has the volume that it did in 2003.
USA Today also mentioned another big positive for the local Green Bay Wisconsin Home Market. Foreclosures in Green Bay are at a low compared to some other areas of the nation.
The median home price is up 2.6 percent compared to the overall nation percentage which is down 6.5. The buy signal has been sent by the national media and I feel it's for a good reason.
I was reading a blog of Loreena Yeo's from Frisco, Texas. She has put together a great article that fits this post perfectly. It's at Are You Ready For The Perfect Storm in the Real Estate Market?
Contact Greg Dallaire, Realtor®, Micoley and Company. Licensed Realtor® 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.
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