My2001, Home Owner in Delafield, WI

What is the average days on market in Waukesha County?

Asked by My2001, Delafield, WI Thu Dec 16, 2010

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4
Craig A Schmitz’s answer
You also need to be very careful when trying to interpret the data. It is certainly true that every area, and price range will be different, but even the data you get for a specific community and price range has to be taken with a grain of salt. A property can be re-listed, which then resets the current days on market. Jeff mentioned "cumulative days on market". This is a relatively new tool that will add together the days on market for a property that is re-listed within 90 days of the last time it was listed. However, if a property is taken off the market for more than 90 days, even this cumulative days on market will not be the true days the property has been listed.
0 votes Thank Flag Link Thu Dec 16, 2010
Hi Delafield is lovely!!!
You know just a quick thought of my own.... even if you find out the average days on market it means not really much these days!
a) you need to compare days on market for YOUR property, your size of home, style, lot size, location and
price range and considering all upgrades or missing upgrades

and then and only then, you have base line to discuss with your Realtor where you need to be with your
pricing in order to sell based on your needs.... The faster you want to sell the lower the pricing and the better the home needs to be prepared and ready for sale and showings....

And even then, nobody can give you a guarantee if the average says app. 10 months (just an example!) whether your home will find the buyer in the first months the 6th month or the 10th or thereafter!!!
Your home will sell, when the right buyer comes along and when that buyer is ready and willing to pay after negotiations close to your asking price....

Good luck to you, make sure to connect with an experienced area Realtor, who can even after finding the base line for the pricing of your home, take you to see some of the homes that are competing with yours, either in style size and age, and also show you some in our price range (they may be bigger or more updated or not) but it is always good for a Seller to see some of the competing homes, and then to look at their own home with the eyes of a buyer!!!!

Edith YourRealtor4Life and Chicago and Northern Illinois Connection
Working always in the very BEST interest of her clients
EdithSellsHomes@gmail.com
0 votes Thank Flag Link Thu Dec 16, 2010
The average cumulative days on market for all home sold in the last 6 months in Waukesha County is 139. For Delafield, this jumps to 211. Both searches have a low time on market in the 15-day range while the high time on market is over 1000 days.

If you are looking at possibly listing your home, you may want to have more specific data, such as homes sold in Delafield in the last 6 months in a specific price range or even subdivision. Homes in lower price ranges tend to sell quicker than thos in higher ones. The other statistic you may want to know is your area's absorption rate.

Any REALTOR in the area would be happy to provide you a free competitive market analysis on your home that will give you specific data to help you make your decision.

Jeff Gramins
0 votes Thank Flag Link Thu Dec 16, 2010
It a really a hard questions to answer. Different price ranges and cities have have different days on the market. For instance Brookfield is lower then Oconomowoc. I can provide a more information for just Delafield if you want. What price range are you in?

Brad Koenig
First Weber
0 votes Thank Flag Link Thu Dec 16, 2010
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