What Somerset WI Home Sellers Need to Know in 2023

This video talks about the most current housing market and how it is dramatically changing for Somerset WI and the surrounding area through September of 2022. Up to this point in time, Somerset appears to be completely insulated from home values dropping like most communities in Western WI. However, this is mainly a result of new construction vs existing single family home sales. The median housing market sales appreciated an amazing 24.8% for a $72,500 gain over the past 12-months, and the average sale price appreciated 27.2% for a $83,400 appreciation. An astute observer might want to keep an eye on when comparing September of 2021 to September of 2022 average sale price only increased 5.3%. Watching what happens in Somerset’s housing market in the next few months is worth monitoring, particularly with so many new construction buyers canceling contracts. Home sellers in 2023 need to exercise significant due diligence in finding very successful Realtors who have a strong marketing plan to showcase the home better than the competition if they desire the best price and terms for their home.

John and Becky Durham of the Durham Executive Group and RE/MAX Results are a husband and wife real estate team with 40+ years of combined experience licensed in both WI & MN. Their educational and unique real estate work experiences separate them beyond other Realtors. John is a trainer/consultant, and has received additional training as a licensed real estate Broker in both states. They have received unique marketing training as Certified Luxury Home Marketing Specialists (CLHMS). John and Becky have been recognized and received rare national top 1% marketing awards for the marketing of their client homes from prestigious organizations such as Realtor.com, and Trulia/Zillow. Becky has 30-years of Counseling experience combined simultaneously with 20-years as a Realtor including that as a SRES (Senior Real Estate Specialist) working with those 55+ of age. She is recognized nationally throughout the real estate industry as the Corporate Training Manager for the largest RE/MAX franchise in the world (RE/MAX Results) training 1,400+ Realtors throughout WI & MN.