"Green Bay's housing market demonstrates how strategic pricing can maintain transaction velocity, with homes selling in a median 35 days compared to 77 days nationally. The metro absorbed 67 homes last week while adding 59 new listings, even as 33.1% of active sellers implemented price reductions. The Wisconsin metro's 767 active single-family listings carry a median asking price of $425,000, positioning the market between state ($399,900) and national ($435,000) levels."
"At $200.1 per square foot, Green Bay homes price below both Wisconsin's $209.4 and the national $213.1 averages. Properties in Green Bay spend less than half the time on market compared to national norms. The 35-day median represents a 14-day advantage over Wisconsin's 49-day state median and cuts the national 77-day figure significantly. Weekly absorption outpaced new inventory, with 67 homes leaving the market against 59 fresh listings."
Green Bay posts a 35-day median days on market, well below the national 77-day and Wisconsin's 49-day medians. The metro holds 767 active single-family listings with a median asking price of $425,000, sitting between state and national medians. Price per square foot averages $200.1, undercutting both Wisconsin and national averages. Weekly absorption exceeded new listings as 67 homes left the market while 59 new listings were added. Inventory measures 2.9 months of supply, relisted rate is 8.0%, 33.1% of active listings show price reductions, and 0.7% show price increases.
Read at www.housingwire.com
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