Montreal, WI housing market

Home values in Montreal fell about nine percent over the past year, but with only three homes for sale, this is a market where a handful of deals sets the tone. The typical home here is now worth about one hundred nineteen thousand dollars, down 9.4 percent from a year ago. That sounds like a buyer's market on paper, but look closer. There are just three homes for sale in the whole city, and only two new listings came on this month. Homes that do hit the market are moving fast, going under contract in a median of about thirteen days. And none of the current listings has taken a price cut. Sellers are asking a median of about two hundred thirty thousand dollars, well above the typical value, which suggests the few sellers testing the market are aiming high and, so far, holding firm. For a homeowner here, the takeaway is this. The yearly decline reflects a thin market, not a flood of desperate sellers. If you price honestly, buyers are ready. If you overreach, there simply are not enough comparable sales to back you up.