Savannah Village- Waunakee, WI Real Estate Market Report and Absorption Rate Trend for May 2011
Savannah Village Real Estate Market Report for May 2011 continues to show us a oversatuated market. With only 15 homes sold here last year and 26 currently on the market this gives us over 20 Months Supply of Homes on the Market.
Average Days on Market for Sold Homes is around 120 days- this number could go up with what is happening with the under contract and active numbers. Under Contract is sitting at 182 Days on Market and Active is just over 200 Days on Market. Definitely not good indicators.
Homes are still getting around 92%-93% of intial asking price and averaging around $118/sq ft.
Looking like Savannah Village will be in a Buyer's Market for the foreseeable future.
John & Vicky Schroeder -Restaino & Associates REALTORS®
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