Meadowbrook- Waunakee Neighborhood Real Estate Market Report and Absorption Rate Trend
Meadowbrook Neighborhood on Waunakee's southwestern edge is a market that is pretty entrenched in a buyer's market. With over 15 months of supply of homes on the market and 0 homes currently under contract things are pretty slow.
Average Days on Market for sold homes in the last 12 months is sitting at 150 days. Homes here have been getting about 89% of original asking price and averaging around $106/sq ft. The 9 homes currently on the market have been sitting there for an average of 233 days.
Things will hopefully pick up here in the Spring for homeowners but for right now we are definitely stuck in the midst of a typical buyer's market.
John & Vicky Schroeder -Restaino & Associates REALTORS®
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