Green Bay’s housing market shows how strategic pricing can maintain transaction speed, with homes selling in an average of 35 days, compared to 77 days nationally. The metro absorbed 67 homes and added 59 new homes last week, while 33.1% of active sellers made price reductions.
The 767 active single-family home listings in metro Wisconsin have a median asking price of $425,000, positioning the market between state ($399,900) and national ($435,000). At $200.1 per square foot, Green Bay homes are below both the Wisconsin $209.4 and national $213.1 averages.
Fast sales determine the local dynamics
Real estate in Green Bay spends less than half the time on the market compared to national standards. The 35-day median represents a 14-day advantage over the Wisconsin state median of 49 days and significantly reduces the national figure of 77 days.
Weekly absorption exceeded new inventory, with 67 homes leaving the market compared to 59 new listings. This positive absorption rate occurs despite inventory levels reaching a 2.9-month supply, which nearly matches the national 2.9-month figure, while exceeding Wisconsin’s tighter 2.0-month level.
Price corrections determine the competitive landscape
A third of Green Bay sellers lowered expectations, with 33.1% of active listings seeing price reductions during the week. Meanwhile, only 0.7% of listings increased prices, indicating broad recognition of market conditions among sellers.
The relisted rate of 8.0% suggests that most properties are moving through the market without turning back, staying below the 10% threshold that often indicates weakening demand. This combination of price flexibility and low resale activity helps explain the market’s continued speed.
Market indicators point to equilibrium
Green Bay operates on neutral ground according to market equilibrium standards, avoiding the extremes of buyer or seller dominance. The inventory of 2.9 months offers sufficient choice without oversupply.
Track 35-day average DOM as a key performance indicator for the continued health of the metro. Keep an eye on the 33.1% markdown for signs of stabilization or further adjustments by sellers. Use the weekly drawdown to new listing ratio to gauge continued demand strength in this balanced market environment.
HousingWire used HW Data to uncover this story. To see what’s happening in your own local market, you can generate a housing market report. For enterprise customers looking to license the same market data on a larger scale, visit HW Data.
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