Montreal, WI housing market

Montreal, Wisconsin has just two homes for sale, and typical home values are down about 4 percent. If you own a home here and you are wondering what that means for a sale, the numbers tell an unusual story. The typical Montreal home is now worth about one hundred twenty-two thousand dollars, down roughly 4.3 percent from a year ago. On its own, that slide would suggest buyers have the edge. But here is where it gets strange. With only two homes on the market and zero new listings this month, there is almost nothing to buy. The median asking price on what is listed is about one hundred seventy-nine thousand five hundred dollars, nearly fifty-seven thousand dollars above the typical home's value. And homes that do sell are taking around 73 days to get there. So the picture is a market where sellers are asking well above what homes are worth, and then waiting. If you are thinking about selling, that gap is the thing to respect. Price close to real value and you stand out fast in a market this thin. To see where your home lands, get a free home value estimate at Home Value Pros dot com.