North Ridge Estates- Waunakee, WI Real Estate Market Report and Absorption Rate Trends
North Ridge Estates Neighborhood in Waunakee, WI is currently in a Seller's Market with just over 5 Months Supply of Homes for sale. Sold homes are selling for an average of $350,000 and are getting around 93% of their original asking price.
To the 3 active listings it probably doesn't feel much like a Seller's Market though as they have been for sale for an average of 350 days. With such a low number of listings any new homes that hit the market will push us over the 6 month mark and into what would be considered a Buyer's Market.
This Spring it will be interesting to see if the new homes that are added to the market can be absorbed at a faster pace then the .58/month average that has happened over the last 12 months.
John & Vicky Schroeder -Restaino & Associates REALTORS®
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