What's happening, Sheboygan County? It's time for your weekly real estate update. My name is Markus, your local realtor right here in Sheboygan Falls and this is your seven day housing update.
We saw a total of 20 new homes hit the market, 19 properties sold and 11 properties ended up doing price reductions. Even the short week of 4th of July couldn't stop the trend of net positive listings over sales for 16 straight weeks. Which is slowly chipping away at the housing shortage in the area. But let me be clear, we have gone from almost no inventory county wide to just a few more than before. Months of inventory is still under 2 and a balanced market is 6.
If you're considering selling, the largest supply of new listings isn't putting any sort of downward trend on prices yet. But overpriced homes have been sitting much longer on the market, so it's important to price your home right the first time.
If you're a buyer, the past 16 weeks should be bringing you a little bit of hope, but I'd still be prepared to compete in multiple offer situations now and moving forward.
Let me know what you think in the comments below. And until next week, I'm Markus Savalgio and this has been your weekly market update.
