As usual, January and February are the least active months of the year for real estate in Door and Kewaunee Counties. Consequently, it is difficult to make any bold statements regarding the direction of the market for the year.
Once we get March and April in the books, we can see patterns developing and the information from those 4 months are significant enough to help in making predictions for the rest of the year.
It’s good to see that other factors such as interest rates and inventory are relatively stable. That, along with an overall mildly positive economic outlook for the country points to another good year for the real estate industry both locally and nationally.
Now for the vitals:
| YEAR | 2015 | 2016 |
| Number of Sales | 85 | 86 |
| Median Price | $130,000 | $115,000 |
| Days on the Market | 426 | 410 |
Certainly median price is perhaps the most important number to buyers, sellers, and other parties that follow real estate markets and we do see a 13% increase in comparing 2015 to this year. However, with the limited data, just a few sales can skew the numbers so it’s too early to place much credence in that increase.
ERA Starr Realty again leads the production numbers thus far in 2016. Our 21.17% market share of listings sold exceeds the second place agency’s 12.94% share.
We continue to excel because our agents provide a service level that is truly exceptional. Give one of our agents a call. They will answer all your questions regarding anything to do with real estate in the Door-Kewaunee markets. ERA Starr Realty…“Always There For You!”
