Oak Meadow- Fitchburg, WI Real Estate Market Report and Absorption Rate Trend
Oak Meadow- Fitchburg, WI Neighborhood Real Estate shows us a Buyer's Market with a little bit of activity. With 13 homes currently active on the market and 1.25 homes sold on average per month over the last year the Months of Supply stands at 10.4. Homes are getting around 92-93% of original asking price which is not too bad in this price range. Average Days on Market is fairly high at around 200 days.
Having 2 homes currently under contract is a good sign though the average list price on the active homes at almost $416,000 and $148 per sq ft is definitely higher than for the homes sold in the past year. This may make for even slower sales this Spring.
John & Vicky Schroeder -Restaino & Associates REALTORS®
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