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Northern Wisconsin Real Estate Market Report for January of 2023

Thursday, January 12, 2023   /   by Julie Winter-Paez

Northern Wisconsin Real Estate Market Report for January of 2023

It’s January and I wanted to get you the local stats from Northern Wisconsin. I can't believe we're already in 2023 but the year ends that December stats for December of 2022. It's time to get those out to you. So as a month, this is the entire MLS all five counties. We were down in new listings, which we know was a theme all year 157 new listings in December, which was down 27% from December of 2021 and year to date we are down 10.35%. Closed listings in December, we had 215 which is down almost 45% for the month of December and year to date we are down 22.45% in total closed year to date was 3,999. The average listing price was $240,787 which is up 13.64%. The average selling price was $231,128 which is up 13.21%. Average days on the market are down 107.13 days which was down 22.84% and year to date, our average days on the market is 116 which is down 28%. And then month supply of inventory went down as well with the low inventory doesn't surprise me. But with the shifting market again, we still have really strong indicators that it is not a buyer's market in Northern Wisconsin but our month supply of inventory is down for just over four months to 3.67 which is down 18.11%. 

So again, if you're looking for information on your specific market segments or you're looking to move or sell in Northern Wisconsin I would love to be your guide. You need somebody in this market who understands what's happening and they can guide you through the process and we would love to be that person. Give us a call, have a great day and hopefully, we'll see you soon in the Northwoods.

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