Wisconsin real estate market March 2017: Highest March sales in more than 10 years.
Wisconsin home sales and prices jumped in March – well above last year’s March performance and the best sales since 2005.
- Sales up 7.2%
- Prices up 5.2% to $163,000 as a statewide median
- Inventory remains low, driving prices up.
“Tight supply combined with strong demand conditions is a recipe for higher prices, and that’s what we’re seeing moving into the spring and summerhouse markets” said WRA President and CEO Michael Theo. “Our strong statewide economy is definitely putting upward pressure on home prices, which have been growing at more than double the rate of inflation,” said Theo.
Regionally, here is the real estate sales recap comparing sales and prices in March 2017 vs March 2016: (Source WRA)
Southeast Wisconsin/Metro Milwaukee real estate statistics
2202 homes sold in Southeast Wisconsin in March 2017, a 4.7% increase from last March. Median sales price up 5.8% to $171,350.
(includes Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth, Washington and Waukesha Counties)
South Central/Southwestern Wisconsin area real estate statistics
1213 homes sold in South Central Wisconsin in March 2017, up 3.4% from last March. Median sales price up 5.9% to $195,825.
(includes Columbia, Crawford, Dane, Dodge, Grant, Green, Iowa, Jefferson, Lafayette, Richland, Rock and Sauk counties )
Western Wisconsin area real estate statistics
554 homes sold in Western Wisconsin in March 2017, up 2.2% from last March. Median sales price up 14.2% to $174,950.
(includes Buffalo, Chippewa, Dunn, Eau Claire, Jackson, La Crosse, Monroe, Pepin, Pierce, St. Croix. Trempealeau and Vernon counties )
Northeast Wisconsin area real estate statistics
1071 homes sold in Northeast Wisconsin in March 2017, up 10% over last March. Median sales price up 5.3% to $136,900
(includes Brown, Calumet, Door, Fond du Lac, Green Lake, Kewaunee, Manitowoc, Marinette, Menominee, Oconto, Outagamie, Shawano, Waupaca and Winnebago counties )
Central Wisconsin area real estate statistics
363 homes sold in Central Wisconsin in March 2017, up 14.5% from last March. Median sales price down 4% to $124,000.
(includes Adams, Clark, Juneau, Marathon, Marquette, Portage, Waushara and Wood counties )
Northwoods Wisconsin real estate statistics
497 homes sold in Northwoods Wisconsin in March 2017, up 28% from last March. Median sales price up 8.9% to $140,000.
(includes Ashland, Barron, Bayfield, Burnett, Douglas, Florence, Forest, Iron, Langlade, Lincoln, Oneida, Polk, Price, Rusk, Sawyer, Taylor, Vilas and Washburn counties )
These numbers from The Wisconsin Realtors Association paint a general picture of the state of real estate in Wisconsin. To see the details of your community or even your neighborhood, connect with a First Weber real estate agent for a free consultation or discussion. They are happy to share local data with you.
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