The Menominee market saw sales remain flat this week with six homes sold over the last 30 days but new listings fell to three. The median sales price tumbled to $144,500 over the latest reporting period for Menominee, down from $249,400. With no movement in sales and the availability of nine months of inventory, Menominee is a definite buyer's market.
Comments:

Sales rose to six homes sold over the last 30 days in the Menominee market. Sellers can expect less competition, however, due to a six-week downward trend in homes coming into the market, now down to four for the same period. While new seller numbers were weak, the median sales price of homes sold came in at $249,400, which extended a price upswing to nearly three months. Menominee is still a solid buyer's market, in spite of the rise in prices, thanks to the availability of nine months of remaining inventory.
Comments:

Over the last 30 days, the Menominee market had a decrease in home sales with two. Furthermore, the amount of pending transactions continued to decline, with a total of zero contracts during the same period. Potential buyers should note that prices went up in Menominee, with the median for this period rising from $170,000 to $173,950. Menominee is a strong buyer's market, due to a downward trend in contracts numbers and 17 months of inventory remaining.
Comments:

The number of sellers who put their homes up for sale in the Menominee market over the last 30 days remained flat this week at two. Home sales also remained unchanged from the prior period and once again three homes were sold. The median sales price remained unchanged over the latest reporting period for Menominee, coming in at $170,000. With no movement in sales and the availability of 11 months of inventory, Menominee is a definite buyer's market.
Comments:

While home sales in the Menominee market have been better than usual, in this week's report they fell 25.0% to three homes sold over the last 30 days. Prices are falling in Menominee, and this period the median price of all sales fell from $242,500 to $170,000. Along with the slip in sales, a relatively high 11 months of inventory indicates that Menominee is a strong buyer's market.
Comments:

Sales remained steady from last week to this week, with four homes sold in the Menominee market over the last 30 days. However, a recent downturn in the number of pending transactions continued, with zero completed in the same period. The median sales price dropped to $242,500 over the latest reporting period for Menominee, down from $300,175. Menominee is a definite buyer's market with eight months of inventory to choose from, aided by the downturn in contracts.
Comments:

Fewer sellers put their homes up for sale in the Menominee market over the last 30 days and the number of new listings fell this week to eight. Home sales remained unchanged from the prior period and once again four homes were sold. The median sales price of all transactions in Menominee did not budge this week, remaining at $300,175. Along with flat sales, a relatively high nine months of inventory indicates that Menominee is a definite buyer's market.
Comments:

With three homes sold in the Menominee market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with nine new listings for buyers to choose from. Pricing in Menominee remains consistent from last week to this week, with the median sales price at $315,000 again. Menominee is a definite buyer's market, thanks to a big 12 months of inventory to choose from and the flat sales.
Comments:
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