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Go Big For Your New Home with Rock Realty · Ask The Experts

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Speaker 1: Eight thirty four thirteen ten double UiB and ask the experts.
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Speaker 1: Brought to you by Rock Realty Online, Rock Wisconsin dot com.
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Speaker 1: That's roc K Wisconsin dot com. TEP number six O
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Speaker 1: eight six seven three fifty four hundred. That's six oh
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Speaker 1: eight six seven three fifty four hundred and join us
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Speaker 1: this morning from Rock Realtea. Matt Heyman, Matt, how you
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Speaker 1: doing doing good?
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Speaker 2: Warm weather?
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Speaker 3: Yeah, that's February.
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Speaker 1: And when I'm not a golfer, you golf, right, you're
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Speaker 1: a golfer. When when does when does golfing start?
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Speaker 2: Well, typically at sometime you know, I would say in April, okay,
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Speaker 2: But some courses on the warmer days like to have
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Speaker 2: fun and open up randomly and get everybody excited before
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Speaker 2: we go back into hibernation.
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Speaker 1: Not about time to get out to the driving range. Yes,
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Speaker 1: I still love doing that. I got to do that
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Speaker 1: again because I can't golf, but man, I love smacking
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Speaker 1: a ball a couple double yards, like one or two.
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Speaker 2: I've been sticking to the indoor simulators. There's a bunch
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Speaker 2: around here now. It really has gotten a lot that
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Speaker 2: have popped up.
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Speaker 1: Have you sold the house with an indoor simulator? Yeah,
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Speaker 1: was that one where the agent you had to kind
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Speaker 1: of look around.
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Speaker 2: Was down in Stoton And uh, yeah, I'm built built
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Speaker 2: with a an indoor simulator kind of like a single bay,
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Speaker 2: smaller thing in the basement. You really have to prep
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Speaker 2: for that on the build.
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Speaker 3: Oh.
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Speaker 2: I looked into doing that in my basement and of course,
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Speaker 2: and it would have involved digging down about two feet
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Speaker 2: and adding concrete and you know, make sure that you
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Speaker 2: know you don't get water seepage under there. But so yeah,
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Speaker 2: decided against it.
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Speaker 3: Unfortunately.
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Speaker 1: Well, there's there's I know a guy that if you
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Speaker 1: are ever looking for a house and the ever lists,
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Speaker 1: I know a guy you can call that if they
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Speaker 1: see another one, he'll definitely there.
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Speaker 3: His name's Matt. Yeah, Matt, He'll call you Llah And.
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Speaker 2: If you have one in your house, reach out to me.
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Speaker 2: Who knows, maybe I'll move you.
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Speaker 3: Look in the list.
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Speaker 1: Yeah, I got that top number six eight sixty seven
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Speaker 1: three fifty four hundred. That's six O eight six seven
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Speaker 1: three fifty four hundred.
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Speaker 3: Kind of joke.
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Speaker 1: But at the same time, and like you know what,
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Speaker 1: there may very well be somebody this morning that's going, well,
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Speaker 1: we are looking to listen our home with the golf simulators.
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Speaker 1: So we've got a fantastic featured listing this week of
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Speaker 1: house in sun Prayer. We're also going to look at
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Speaker 1: the market stats from from January as we kick off
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Speaker 1: a new year. Get some details from Matt on that.
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Speaker 1: In just a moment I mentioned the website Rock Wisconsin
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Speaker 1: dot com. I haven't mentioned Wisconsin Buyeragent dot com. It's
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Speaker 1: a fantastic website if you are looking to buy, to
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Speaker 1: get to know the agents at Rockrealty. You can also
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Speaker 1: schedule an appointment, a little phone call and get to know
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Speaker 1: you conversation not again available at Wisconsin Buyer Agent dot com.
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Speaker 1: All singular Wisconsin Buyeragent dot com. Before get to this
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Speaker 1: week's featured listening. While we were talking about golf and simulators,
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Speaker 1: I know a number of houses I see on the website.
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Speaker 1: You guys oftentimes have houses right on golf courses and
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Speaker 1: those type of things too, don't you.
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Speaker 2: That's that's always an option for listings, and they're ideal.
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Speaker 2: You know a lot of people are looking for that.
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Speaker 2: There's a bit of a premium, of course, when you
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Speaker 2: get to sit in the morning with your coffee and
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Speaker 2: watch people tea off and you realize that, you know,
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Speaker 2: your game probably isn't good as good as the one
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Speaker 2: the people you're watching. But yeah, one of.
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Speaker 1: The things I've always envied about about folks that live
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Speaker 1: on golf course as well is at night it's completely
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Speaker 1: peaceful and quiet, like it is. It is just that
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Speaker 1: I've had friends over the years that I've had great
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Speaker 1: and it's like what a just yeah you mentioned starting
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Speaker 1: your day off and having.
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Speaker 3: A cup of coffee looking over the course. Oh my godness.
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Speaker 2: It's similar to having a house that backs up to,
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Speaker 2: you know, a park or something, because somebody else is
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Speaker 2: mowing that whole space and keeping it. You know, they're
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Speaker 2: never they're never letting it get too long.
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Speaker 1: Oh yeah, that's fantastic, Matt. Let's talk about this week's
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Speaker 1: featured listing. Chad is listing this home in sun Prairie
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Speaker 1: and it is.
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Speaker 3: It is a.
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Speaker 1: Gorgeous, gorgeous home, brand new, built in twenty twenty four.
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Speaker 1: This is a this is a nice one. Let's talk
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Speaker 1: about this house right in sun Prairie, looks right on
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Speaker 1: Lonnie Lane and Sunbrarie.
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Speaker 2: Yeah, it's a very large home. Yeah, anybody looking to
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Speaker 2: fill a number of bedrooms, This could be the home
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Speaker 2: for you. It's at two two six zero Lanni Yelo
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Speaker 2: and n I E. Lani Lane and Sun Prairie. It's
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Speaker 2: listed for one point one ninety nine million and it's
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Speaker 2: got six bedrooms, five and a half bathrooms and five thousand,
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Speaker 2: seven hundred and ten square feet, so huge house. And
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Speaker 2: it was, you know, just built in twenty twenty four.
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Speaker 2: It's got some nice exposure in the back, just a
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Speaker 2: good location up there in sun Prairie.
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Speaker 1: And I'm looking at the different photos and some of
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Speaker 1: the fee I mean, it is not only is it
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Speaker 1: is it large. It is a like the when they
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Speaker 1: designed this, they put in a lot of thought, different finishes,
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Speaker 1: and I'm just looking at them like this is a
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Speaker 1: it is an absolutely beautiful Did you get folks, I
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Speaker 1: would assume quite a bit folks that are looking for
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Speaker 1: something a little a little larger.
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Speaker 3: I know, you got kids.
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Speaker 1: I know a lot of folks also parents are moving
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Speaker 1: and those type of things kind of extending the family.
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Speaker 1: I'm guessing ite a few people that are looking for
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Speaker 1: something just like this.
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Speaker 2: Yeah, this one's perfect for you know. And I've had
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Speaker 2: buyers just recently that we're looking for a home with
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Speaker 2: multiple on suites, right, so that you could have family
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Speaker 2: members live with you if need be. And yeah, in
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Speaker 2: that particular case it was it was parents. And this
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Speaker 2: one has three three on suite, so three different primary
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Speaker 2: bedrooms if you will, that have their own bathroom attached,
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Speaker 2: and just it's nice, nice for convenience and stuff. I mean, heck,
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Speaker 2: this this might even be great for like an airbnb
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Speaker 2: kind of.
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Speaker 3: But yeah, that's a great location.
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Speaker 2: Yeah, having three on suites really opens up the options
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Speaker 2: for any number of living situations.
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Speaker 1: What about two is I look, this looks like it's
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Speaker 1: got a very very nice home office with glass French
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Speaker 1: doors I'm seeing.
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Speaker 3: Do you see a lot of folks doing that now?
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Speaker 1: I know obviously that we've kind of gone back and
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Speaker 1: forth about working from home for folks that have that option,
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Speaker 1: who have that luxury, you want a nice, nice space
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Speaker 1: at home, and this this house really does have a
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Speaker 1: great space for if you do get the opportunity to
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Speaker 1: work from the home office to do just that.
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Speaker 2: Yeah, I'd say since twenty twenty or twenty twenty one,
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Speaker 2: that fourth and or a fifth bedroom has become that
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Speaker 2: much more important. So having little a little bedroom that
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Speaker 2: maybe has a small closet, so it could easily be
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Speaker 2: used as a as an office. As a big deal.
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Speaker 2: A lot of people are looking for that, and you know,
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Speaker 2: in many cases you've got you know, two people working
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Speaker 2: from home now, so.
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Speaker 1: That is that is definitely somebody you want to check
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Speaker 1: this house out at twenty two sixty Lonnie Lane in
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Speaker 1: Sun Prairie. You can call Chad if you're looking to
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Speaker 1: take a peek. Chad Bowers is tell for what number
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Speaker 1: six oh eight two seven nine fifty nine eighty five.
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Speaker 1: That's six oh eight two seven nine fifty nine eighty five.
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Speaker 1: Chad Bowers say, I want to see that six bedroom,
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Speaker 1: five and a half bath home in Sun Prairie.
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Speaker 3: That is beautiful.
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Speaker 1: We'll talk a little bit more about that. You can
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Speaker 1: also see it head on over to the website Rockwisconsin
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Speaker 1: dot com. That's r O c K Wisconsin dot com
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Speaker 1: and Matt. We get the numbers towards the end of
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Speaker 1: each month for the previous month and we're going to
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Speaker 1: break those down. And I know it's something that in
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Speaker 1: your industry you keep, for good reason, very close eye
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Speaker 1: on on this stuff. What's kind of the overall takeaway
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Speaker 1: as we get into the new year, into twenty twenty five.
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Speaker 1: Is there kind of like a big kind of headline,
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Speaker 1: like a big bullet point that you're seeing in the markets.
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Speaker 3: Yeah.
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Speaker 2: I would say over the last you know, year or so,
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Speaker 2: I've been talking about how the market feels like it's
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Speaker 2: starting to level out, and the stats from last month
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Speaker 2: are kind of the first month that has really consistent
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Speaker 2: data towards that. Right, We've obviously had increased home prices
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Speaker 2: for years and years and years, and you've had a
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Speaker 2: thinning number of listings and at this point we've finally
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Speaker 2: gotten some balancing, right, So we've finally had the you know,
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Speaker 2: the pendulum swing slightly back towards the buyer side, just
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Speaker 2: slightly right, Just yeah, yeah, let's try to get that
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Speaker 2: teeter totter a little more balanced because it's been early
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Speaker 2: Steller side for a long time.
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Speaker 1: So with that, as we talked morning with Matt Heytman
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Speaker 1: of Rockrealty Online Rock Wisconsin dot com, that's Rock R
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Speaker 1: O C K Wisconsin at dot com ATWELP number six
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Speaker 1: O eight six seven three fifty four hundred. That's six
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Speaker 1: oh eight six seven three fifty four hundred. With this,
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Speaker 1: you know, we kind of look a look at some
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Speaker 1: of the stats and some of the I like, looking
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Speaker 1: at the graphs quite a bit kind of pops for me.
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Speaker 1: With the with the number of new listings folks are
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Speaker 1: and as you mentioned, I mean, folks are definitely listing
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Speaker 1: their houses, aren't they.
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Speaker 2: Yeah. Yeah, we saw a pretty significant increase in the
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Speaker 2: number of new listings that hit the market in January.
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Speaker 2: And this is January over January, so you know, it's
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Speaker 2: never a great month for new listings, right, but you know,
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Speaker 2: we had a significant increase, Like, for instance, in Dane County,
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Speaker 2: we went from around four hundred new listings in January
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Speaker 2: of twenty twenty four to four hundred and sixty in
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Speaker 2: twenty twenty five, so a lot more listings finally hitting
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Speaker 2: the market. Rock County was an increase of twenty one percent,
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Speaker 2: Jefferson County was an increase of seventeen percent. So you know,
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Speaker 2: all in all, we're probably looking at you know, i'd
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Speaker 2: say eighteen percent increase in general between the three counties
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Speaker 2: that we track personally.
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Speaker 1: With that, and I think it highlights what you were
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Speaker 1: saying there earlier as well, is that with the with
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Speaker 1: the number of listings going out there, if you are
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Speaker 1: a buyer.
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Speaker 3: It gives you options.
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Speaker 1: It gives you obviously there's there's more options which makes
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Speaker 1: things a little more competitive, which can help with the prices.
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Speaker 1: But just having more options is such a such a
9:35
Speaker 1: great thing. But I know a lot of that can
9:37
Speaker 1: be can be you know, even if the numbers, let's
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Speaker 1: say that that we're flatter, even fewer homes down year
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Speaker 1: after year. It does, even even at these numbers, it
9:45
Speaker 1: highlights the importance of working with We talked about the
9:48
Speaker 1: website Wisconsin buyer agent dot com. Working with a good
9:51
Speaker 1: agent to really give you the best options and see
9:55
Speaker 1: the best homes for what you're looking for.
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Speaker 2: Yeah, yeah, Not only that, it also just leads to
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Speaker 2: how important it is to price your house rights right now.
10:06
Speaker 2: It used to be you could kind of do a
10:07
Speaker 2: shot in the dark over the last few years and
10:10
Speaker 2: the buyers would kind of bid it up to where
10:11
Speaker 2: it needed to share. In this current market, you know,
10:15
Speaker 2: with actually fewer accepted offers than last year and then
10:20
Speaker 2: more listings, it's just that much more important to price
10:24
Speaker 2: it right to make sure you get those buyers through
10:25
Speaker 2: your house since they have options now and they might
10:28
Speaker 2: be might be seeing the neighbor's house first and not
10:30
Speaker 2: even making it over to years because your priced heres,
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Speaker 2: you know, ten thousand dollars higher than it should have been.
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Speaker 1: So where does that when it comes to pricing, then
10:36
Speaker 1: what do we see as far as kind of that
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Speaker 1: median price for single family homes in the area.
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Speaker 2: Yeah, this was one of the more surprising metrics because
10:45
Speaker 2: regardless of you know, more listings coming on the market,
10:48
Speaker 2: regardless of the interest rates being higher, it just it
10:50
Speaker 2: felt like the prices continued to rise regardless. And this
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Speaker 2: is the one, the one of the first months that
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Speaker 2: we saw a decrease in some of the app forge
11:00
Speaker 2: sale prices. Right, So in Dane County last year, the
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Speaker 2: average sale price was four hundred and fifty five thousand,
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Speaker 2: let's call it. And this year in January we were
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Speaker 2: at four thirty eight to five hundred, so an actual
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Speaker 2: decrease of three percent, and prices year over year. Rock
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Speaker 2: County still rose a little bit, Jefferson down a little bit,
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Speaker 2: So it really is showing a leveling of the prices
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Speaker 2: maybe as well, which is great news for buyers because
11:28
Speaker 2: it's been a long time since we've seen that.
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Speaker 1: And that's an important takeaway for folks that are hearing this.
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Speaker 1: I think one of the things that kind of troubles
11:37
Speaker 1: me is when people don't and we're I don't want
11:41
Speaker 1: to wag my finger at folks, because I'm just as
11:43
Speaker 1: guilty as Sometimes you'll hear headlines and it'll cause you
11:46
Speaker 1: not to take action or not to at least start
11:49
Speaker 1: that conversation. When you start seeing things like this, with
11:52
Speaker 1: some of these numbers and some of this information, it's
11:56
Speaker 1: to me, it's good to get that word out that
11:59
Speaker 1: housing value US and prices are kind of are leveling
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Speaker 1: off because it's it's for people that may have been
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Speaker 1: on the sideline. It's a good time to start that
12:07
Speaker 1: conversation is really find that stuff out.
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Speaker 3: Is you don't know what? I always like say, don't
12:11
Speaker 3: know what? You don't know?
12:12
Speaker 1: Match right, And so until you start that conversation, and
12:15
Speaker 1: if it's something like like they're saying, I don't know
12:17
Speaker 1: it's house prices, there's so much, so expensive, so alsome,
12:21
Speaker 1: you don't know until you and I know when we
12:23
Speaker 1: talk with West the other week, same thing. You don't
12:24
Speaker 1: know what you don't know and start that. It's always
12:26
Speaker 1: a good time to start that conversation, even if today's
12:29
Speaker 1: not the day to be buying a house for you.
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Speaker 3: You don't know until you pick up a phone make
12:33
Speaker 3: a call. Yeah.
12:33
Speaker 2: Absolutely, And I would say specifically right now. I mean
12:36
Speaker 2: with all these new listings that have come on the
12:38
Speaker 2: market to try to beat out buyers, they're going to
12:41
Speaker 2: hit They're going to hit the market come April, market
12:43
Speaker 2: into March and April. If you can get out there now,
12:45
Speaker 2: you might have some fantastic selections for houses to see.
12:49
Speaker 2: And uh, I mean there's a chance that you're the
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Speaker 2: only buyer interest. Yeah, and you get it below this price.
12:53
Speaker 2: This is this is the opportunity now before the spring.
12:56
Speaker 1: Let me ask you about seasonality is it's it's funny
12:59
Speaker 1: about that is and I get it. If you've got
13:02
Speaker 1: like kiddos for example, in school or something like that,
13:04
Speaker 1: it may that may dictate just for the logistics of
13:08
Speaker 1: it all, when you're looking to buy or or when
13:10
Speaker 1: it may be quote unquote an ideal time to list.
13:13
Speaker 1: But the reality is, if you are somebody that's in
13:15
Speaker 1: a position to you know, maybe the kiddos are old,
13:18
Speaker 1: or maybe you know you live, you can drop the
13:21
Speaker 1: kids off on your way to work. You've got that flexibility.
13:24
Speaker 1: What a great, powerful time it is to to be
13:26
Speaker 1: looking at homes because of because of you know, it's
13:29
Speaker 1: like when you're scheduling a vacation, it's always best to
13:32
Speaker 1: do a turn to school.
13:33
Speaker 3: It's just prices are better and competition is lower. Yeah.
13:37
Speaker 2: Absolutely, And you know every year, you know you'll see
13:41
Speaker 2: come come August that the buying frenzy does you know,
13:47
Speaker 2: take come down a few notches, right, because everybody's preparing
13:50
Speaker 2: together to send the school the kids back to school.
13:51
Speaker 2: And it's always interesting, how you know. I call it
13:54
Speaker 2: the kind of two to three weeks summer duldrum where
13:57
Speaker 2: people decide that they're no longer the house hunting is
14:00
Speaker 2: no longer the priority. It's time to go shopping for
14:03
Speaker 2: school supply. Yeah.
14:04
Speaker 1: Yeah, so it is a really really good time to
14:06
Speaker 1: be looking to buy. Also a fantastic time to list
14:09
Speaker 1: as well. By the way, if you're looking to buy
14:11
Speaker 1: a cool thing that they've got at Rockrealty is a
14:13
Speaker 1: fantastic website Wisconsin Buyeragents dot com. That's Wisconsin buyer agent
14:18
Speaker 1: dot com. You can see the profiles of the buying
14:20
Speaker 1: agents at Rockrealty. And while you're there, you can actually
14:24
Speaker 1: sign up for a quick phone call or a video
14:27
Speaker 1: chat with the agents as well. It's a good opportunity
14:29
Speaker 1: to kind of get to know the agent before you
14:31
Speaker 1: say I'm going to go with you, and so much
14:34
Speaker 1: as if you are ready to listener to this program,
14:36
Speaker 1: you know, personality and really compatibility is so important to
14:41
Speaker 1: when finding that perfect house. And that's one of the
14:42
Speaker 1: great things that you're able to do with Wisconsin Buyer
14:45
Speaker 1: Agent dot com is find that right agent for you.
14:48
Speaker 1: Of course, you can learn more as well online Rock
14:50
Speaker 1: Wisconsin dot com. That's Rock Rock Wisconsin dot com. If
14:54
Speaker 1: you've got one of those smartphones, and who doesn't these days,
14:56
Speaker 1: whether it's an Android or an Apple, they've got a
14:58
Speaker 1: great app, mls dot rocks slash app. That's mls dot
15:02
Speaker 1: rocks slash app. Well to your conversation with Matt, I'm
15:05
Speaker 1: going to look a little bit more on the markets.
15:07
Speaker 1: Were also taking our peak at our featured listing this week.
15:09
Speaker 1: We'll do all of that next as ask the Experts
15:11
Speaker 1: with Rock Realty continues right you're on thirteen ten l
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Speaker 1: wuib I eight fifty one thirteen ten wi b A
15:18
Speaker 1: and ask the experts hanging out with Matt how you
15:20
Speaker 1: meant of course, Matt comes to us from Rockrealty their
15:22
Speaker 1: website Rock Wisconsin dot com. That's Rock rock Wisconsin dot com.
15:27
Speaker 1: Powerful website by the way, And I was asking Match
15:29
Speaker 1: just about going on there. And you can search any neighborhood,
15:33
Speaker 1: any zip code, whatever you're looking for. You can look
15:36
Speaker 1: for the number of bedrooms, prices, all that. I mean,
15:40
Speaker 1: how much when it comes to like, I know you've
15:42
Speaker 1: got you've got a hand, you like websites for good
15:46
Speaker 1: reason putting that together, and I know it's it's you
15:49
Speaker 1: guys have had Rock your Rock Realty website Rock Wisconsin
15:53
Speaker 1: for a while.
15:54
Speaker 3: Now.
15:54
Speaker 1: How much work goes into setting that thing up initially?
15:57
Speaker 1: I mean for us consumers, we appreciate the ease inconvenience,
16:01
Speaker 1: but I guess on the other side, there's probably some
16:03
Speaker 1: work that went into.
16:04
Speaker 2: Yeah, I would I would say websites in general are
16:05
Speaker 2: a lot of front end work and then there's small
16:07
Speaker 2: tweaks after the fact, right, Yeah, I will mention that. Yeah,
16:11
Speaker 2: like you had brought up off air, is you know
16:14
Speaker 2: we you know all listings on the on the mls
16:16
Speaker 2: are available at the site, right and any of our
16:19
Speaker 2: agents can show any of those homes, right, And I
16:22
Speaker 2: think sometimes buyers forget that that they think that they
16:25
Speaker 2: can only see the home that we we've listed, but no,
16:28
Speaker 2: you know, we can. We can go out and be
16:30
Speaker 2: a buyer agent and uh and show you any listing
16:32
Speaker 2: that's available on the MLS and uh, you know, three
16:35
Speaker 2: four in a day and get it all taken care of.
16:38
Speaker 1: And it's it's so much fun too to peruse the
16:41
Speaker 1: listings on the website Rock Wisconsin dot com. That's Rock
16:44
Speaker 1: R O c K Wisconsin dot com. It's kind of
16:47
Speaker 1: a nice little escape. I also like just to kind
16:49
Speaker 1: of see what different styles of homes are out there
16:52
Speaker 1: and when what what they looked like on the inside.
16:54
Speaker 1: I don't know, it's just a fascination. I don't think
16:56
Speaker 1: I'm alone in that. I think a lot of folks
16:58
Speaker 1: do that.
16:59
Speaker 2: So definitely a closet real estate process exactly.
17:03
Speaker 1: And that's funny, like oh I would I would so
17:07
Speaker 1: paint that room a different color.
17:08
Speaker 3: Oh I'd move that.
17:09
Speaker 1: Like yeah, So it is fun check it out even
17:11
Speaker 1: if you're just looking Rock Wisconsin dot com. That's our
17:14
Speaker 1: O c K Wisconsin dot com and UH and Matt
17:17
Speaker 1: as we kind of break down some of the numbers
17:19
Speaker 1: as we get into that as we're into the new year. Now, affordability,
17:23
Speaker 1: let's let's touch on that. That's that's a fantastic word,
17:26
Speaker 1: and uh, it's even more fantastic when you look at
17:29
Speaker 1: where where homes are when it comes to affordability.
17:32
Speaker 2: Yeah, I mean, in general, it feels like it is,
17:36
Speaker 2: you know, topping out a bit. For a while there,
17:39
Speaker 2: the the affordability was you know, kind of in a
17:43
Speaker 2: decline to where interest rates were continuing to rise at
17:46
Speaker 2: the same time house prices were rising. But now now
17:50
Speaker 2: that we're seeing you know, a slate drop in not
17:54
Speaker 2: only house prices but a number of listings, it does
17:57
Speaker 2: feel like buyers have a better opportunity now, a little
18:01
Speaker 2: more balanced market. I think that in general, we're seeing
18:05
Speaker 2: a lot of accepted offers. I mean, it's been a
18:08
Speaker 2: very busy December and January and February for us, and
18:11
Speaker 2: we're seeing a lot of activity, a lot of accepted
18:14
Speaker 2: offers personally through our firm that are coming in at
18:18
Speaker 2: a below list price and things like that. So you know,
18:20
Speaker 2: there's there's definitely an opportunity for buyers to get a
18:24
Speaker 2: get a decent deal right now. And I think that
18:27
Speaker 2: in general, it's it's still a great time for sellers
18:31
Speaker 2: to realize the equity that they've built up over the
18:34
Speaker 2: last you know, twelve years.
18:36
Speaker 1: Yeah, it's with that too, you mentioned, you know, kind
18:39
Speaker 1: of a good time to good time to be looking
18:41
Speaker 1: at and looking at equity and other things out there.
18:43
Speaker 1: What about like as we as we review some of
18:45
Speaker 1: the the other the other data is days on the market.
18:48
Speaker 1: What are we what are we seeing there as far
18:50
Speaker 1: as how long our homes out there?
18:52
Speaker 3: How long are they available for folks?
18:54
Speaker 2: Yeah, with you know, when you have an increase in
18:56
Speaker 2: the number of listings hitting the market year every year,
18:59
Speaker 2: there's more choices, you know, and with that comes sometimes
19:03
Speaker 2: a longer time frame for a home to you know,
19:06
Speaker 2: sit on the market, right And you know, we're seeing
19:09
Speaker 2: an increase in that. We're seeing that. If you're in
19:14
Speaker 2: Dane County in twenty twenty four, the average you know,
19:18
Speaker 2: days on the market is around forty four days on
19:21
Speaker 2: the market, and right now in January twenty twenty five,
19:23
Speaker 2: it was at fifty three, so nearly a week longer
19:26
Speaker 2: that homes are sitting on the market, right. Wow, And
19:29
Speaker 2: you know that's actually a pretty good time frame for
19:32
Speaker 2: a balanced market, right, But we've just been so used
19:35
Speaker 2: to you know, it's sitting on the market a week
19:37
Speaker 2: and getting over asking that. We got accustomed to that.
19:39
Speaker 2: But now now we've got a lot more balance.
19:41
Speaker 1: Is like a lot of what agents are doing is
19:44
Speaker 1: kind of helping people understand because how the markets change,
19:50
Speaker 1: like helping people kind understand where things fit. Like I
19:54
Speaker 1: you know, when we talk about some of these numbers
19:56
Speaker 1: we talk about, you know, time days on market, those
19:59
Speaker 1: type of things, understanding expectations and helping people understand what
20:05
Speaker 1: that means. I've got to guess agents spend a lot
20:07
Speaker 1: of time with folks, whether they're listening or buying, helping
20:11
Speaker 1: them understand that.
20:12
Speaker 2: Yeah, I mean, we get accustomed to what we've been
20:15
Speaker 2: hearing from news articles. We get accustomed to just assuming
20:20
Speaker 2: that the market is still the same, right. So you know,
20:23
Speaker 2: one of the an agent's a realtor's top priority is
20:27
Speaker 2: letting people know whether to buyer or sell, or what
20:29
Speaker 2: the current market looks like. Right. Hey, here's here's some
20:32
Speaker 2: examples of what's recently happened in the market. Here's a
20:35
Speaker 2: home that's sold just last week for this price. And
20:39
Speaker 2: this is why I think we should come in and
20:41
Speaker 2: at offer price at this level as a buyer and
20:44
Speaker 2: then as a seller, Hey, you know, we need to
20:46
Speaker 2: be careful not to list, you know, over this price,
20:49
Speaker 2: because it's going to sit on the market maybe another
20:51
Speaker 2: two three weeks and you might end up being the
20:54
Speaker 2: stale listing. Right, So it's important to set those expectations
20:57
Speaker 2: up front.
20:58
Speaker 1: Of course, we talked with Matt Heytman of Rock. If
21:00
Speaker 1: you are looking to buy or looking to sell, good
21:03
Speaker 1: day to start that conversation. You can learn more online
21:05
Speaker 1: Rock Wisconsin dot com. That's Rock r O c K
21:08
Speaker 1: Wisconsin dot com. Dolph number six O eight six seven
21:11
Speaker 1: three fifty four hundred. That's six eight six seven three
21:13
Speaker 1: fifty four hundred. Before we wrap up this week, are
21:17
Speaker 1: featured listing beautiful home in Sun Prairie met six bedrooms,
21:22
Speaker 1: five and a half baths, office space. I just say,
21:26
Speaker 1: off it, I should add space for everything. I mean,
21:29
Speaker 1: this is this is a this is a really really
21:32
Speaker 1: nice house and if you're somebody looking for some space
21:35
Speaker 1: and some bedrooms, this this offers it, doesn't it.
21:38
Speaker 3: Yeah?
21:38
Speaker 2: Three on suites two two six zero Lonnie Lane and
21:42
Speaker 2: Sun Prairie. It's just a fantastic option. For people that
21:47
Speaker 2: need a lot of space.
21:48
Speaker 1: The walkout backyard, all that other all these other great features. Well,
21:52
Speaker 1: and you mentioned as well, maybe the potential first me
21:54
Speaker 1: airbnber or other type of property like that. This is
21:58
Speaker 1: you know, we think about at your football and Madge basketball,
22:01
Speaker 1: and we think about you know, friends that get together college.
22:04
Speaker 1: You know, I went to college thirty years ago and
22:06
Speaker 1: we all get back together for I mean, you think
22:09
Speaker 1: about that. What a great location and what a great
22:11
Speaker 1: great opportunity for for a little extra income as well.
22:15
Speaker 1: This could be of course Chad, he is listing at
22:17
Speaker 1: Chad Bowers listing Agent. I'll just pick up phone, give
22:20
Speaker 1: the a call this morning if you'd like to get
22:22
Speaker 1: a viewing six oh eight two seven nine five eight
22:25
Speaker 1: excuse me, two seven nine five nine eight five. That's
22:27
Speaker 1: six oh eight two seven nine five nine eight five
22:30
Speaker 1: two seven nine five nine eighty five for Chad Bowers.
22:33
Speaker 1: Of course you can see it online as well. Rock
22:35
Speaker 1: Wisconsin dot Com. That's our o ck Wisconsin dot com.
22:38
Speaker 1: Speaking of Chad, getting to know the agents at Rock
22:41
Speaker 1: Rock Realty at their website. Wisconsin Buyeragent dot com. That's
22:45
Speaker 1: Wisconsin buyer Agent dot com is a fantastic resource to
22:49
Speaker 1: start that conversation and find that perfect agent for you again.
22:52
Speaker 1: That website, Wisconsin buyeragent dot com. Matt time always flies
22:56
Speaker 1: by when we hang out. I feel like I was
22:58
Speaker 1: just about to ask you a billion more questions, but
23:00
Speaker 1: we'll have to. I'm gonna ask you next week about
23:02
Speaker 1: what active pending, active under contract means. So yeah, I'll
23:06
Speaker 1: ask you that week, so I can't prepare. I have
23:10
Speaker 1: a feeling, you know that right off the top of
23:12
Speaker 1: your head. Vicky McKenna, She comes your way next here
23:14
Speaker 1: on thirteen ten wib A