First quarter statistics from the Wisconsin Realtors Association are in. And as much as everyone hopes, the numbers are still disapointing. The number of home sales is down 24%. (and home prices are still 25.3 above quarter one in 2001, more than keeping pace with inflation) But there are three important things to point out about statistics:
1. These statistics are for the past 3 months. The statistics for the next 3 months will reflect the market we are sitting in right NOW. Looking forward, 68% of Wisconsin brokers surveyed by the WRA feel that the second quarter will be better or the same than the first quarter in terms of buyer activity. 52% feel second quarter home sales will surpass second quarter sales a year ago.
2. The first Quarter is typically a little slower. We do live in Wisconsin and it snows. "It is important to remember that bad weather always dampens home sales and given the record snowfall this winter, we were expecting weak numbers for this quarter" said WRA Chairman and First Weber Vice President Michael Spranger
3. Always be thankful the Wisconsin market is in a far better position than Flroida, Californai and Nevada, to name a few of the states suffering the most.
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