A question was posted to the First Weber blog and we are happy to provide the answer.
Question: How can I locate the same kind of staistics for the Green Bay area? I am specifically interested in
average home sales trend over the last 3 months
average home selling time (list to close)
Answer: (Provided by Scott Swick, Owner and manager of First Weber's Fond du Lac office)
For the last 3 months, namely March, April and May, using only residential sales information (no lots, multi-family etc) for the Greater Green Bay area:
Average Sales price has moved from $141,213 to $155,825
Average days on market (how long from list to sell) started at 148 days in March and ended at 138 days in May
Homes sold in March were 262 and by May the numbers were 399 sold.
At that sales rate, Green Bay's absorption rate is 11.7 months.
To give some perspective on how this measures up to previous years:
| Year | Annual Sales | DOM | Ave Sales price |
| 2004 | 4215 | 144 | $151,926 |
| 2005 | 4399 | 137 | $160,440 |
| 2006 | 4243 | 121 | $159,498 |
| 2007 | 3818 | 135 | $160,102 |
If you have a real estate question that needs answering, just let us now and we will try and help. (Annual sales 2007 corrected to 3818 on 6/26)
