4th Quarter Statistical Analysis Single Family Home Sales Greenfield, Wisconsin

Here are the current market conditions for the Greenfield Wisconsin Single Family Home Real Estate Market.

There were 78 homes sold during the 4th quarter of 2009 in the City of Greenfield WI (16 more than last quarter.) I attribute this to the first time home buyers tax credit that was set to end in November but has been extended through the 2nd quarter of 2010. The monthly break down is as follows:

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• October- 34 homes sold
• November- 29 homes sold
• December- 15 homes sold

There are 102 active listings in Greenfield, WI as of 20 October 2009 (Down from 150 last quarter) of which 10 have accepted offers. There are an additional 7 homes that are in pending status meaning that they are pretty much ready to close. Homes sold in the 4th quarter 2009 were on the market, on average, 86 days, down from over 100 last quarter. Homes were selling for 95.71% of last asking price and 114.09% of assessed value which is down about 2% over last quarter. Based on the sales data for the quarter, there is currently a 4 month supply of inventory in the Greenfield, WI Market which is actually a pretty tight supply. There was a total of $13,805,550 in sales volume which translates into an average sales price of $176,994 (up $5604 from the previous quarter) for the Greenfield WI home market.

(all data collected using the Metro-MLS 1/5/10)