Minocqua Area Real Estate % Sold October 2017

 

Listed vs sold 10-24-17

More charts!!  I think this one is interesting.  This one looks at the percentage of properties sold vs. properties listed.  Take for instance that we have listed 3240 properties in 2017 thus far and have sold 801.  That works out to 24.7%   Think about that for a second.  If you were to list your home today, you have a 24.7% chance that it will sell.   Those are not the best odds.  The chart shows that previous years have been better.  The highest year was 2016 and it ended up at 31.2%.  The lowest year was 2009 and only 15.8% of properties listed sold.

It is not a time to panic.  2017 is not yet finished.  We will sell more properties than we will list in the last 75 days of the year.  I am guessing we will end up in the high 20’s by the end of the year.  I think the better way to look at this is the overall trend is improved.  Take out 2014 and every year since 2009 has improved.

We are enjoying our “Indian Summer”.  The colors have been gorgeous and highs have been in the 60’s and 70’s.   Everyone should have a fall season like ours!

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About northwoodsdeals

Jim Mulleady is the Broker for Coldwell Banker Mulleady REALTORS located in Eagle River, WI. Jim has a BS in Industrial Technology from UW Stout and an MBA - Marketing from DePaul University. Jim has over 20 years of marketing and sales experience.
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