February was pretty much February. Although the number of sales was down from 2014, it was the same or higher than the previous 7 years. Forty was the number of sales compared to 48 last year. In years 2007 thru 2012, the number of sales peaked at 37 while 4 of those years showed sale numbers in the 20’s. So there is no need to be alarmed.
The first 3 months of any year rarely provides enough information to make a forecast for the rest of the year. There is just not enough sales activity to provide the necessary data needed for any kind of projection.
We do know, however, that all the ingredients are there for a solid year in the real estate industry here in Northeast Wisconsin. Banks are doing well and actively soliciting new home loans, interest rates remain low, the overall economy is better, and there is ample supply of homes on the market…and last but not least, real estate companies are anxious to bring buyers and sellers together in a win-win transaction.
I will be out of the office next month so the next report with include the first 4 months of the year with comparative analysis which should begin to give us some solid information about market trends.
You can get right to the minute information on any and all things relating to market conditions on any property in the Door-Kewaunee area. Give one of our agents a call…we are: “Always there for you”!
Until next time,
Dennis J. Starr
Realtor Emeritus
