When determining the best strategy for purchasing or selling a home or investment property, buyers and sellers today are barraged with a high level of negative sentiment from the media and ill-informed sources that could convince you that the sky is falling and the end of the world is near. However, like any argument one must back their thoughts with fact to understand the true underlying scenario that is playing out. This becomes a lot like work as each market and form of investment are experiencing different conditions every day.
Green Bay is a prime example of how the national viewpoint has affected a market that is not nearly as bad as one would think. Lets take number of sales and purchase price from 2006 to 2007 as an example. Many people would believe that there are many "steals" in the market and that sellers will take anything since the market is so incredibly bad, but the numbers show otherwise. In fact, they show that business between these two years have gone relatively unaffected. According to the business news online the following statistics are true of Brown County between these two years:
Sales Volume 2006-2007
2007 Total Sales: 2,716
2006 Total Sales: 2,809
Total Decrease: 93
Sales Price 2006-2007
2007 Median Sales Price: $149,750
2006 Median Sales Price: $150,425
Decrease: -$675
These statistics are eye opening in that they illustrate a slight change, but not nearly enough to panic and run to the bomb shelter.
The point is, that before making snap judgements about market conditions view the actual numbers and check facts before making an irrational decision.
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