The Wisconsin Realtors Association released third quarter 2009 data showing a statewide gain in home sales of 5.8% over last year. If the pace holds, the WRA estimates more than 90,000 homes will be sold in Wisconsin this year – an increase of approximately 5,000 from a year ago.
The wellness of the Wisconsin housing market affects all Wisconsin homeowners, even if they are not in the market right now. What your neighbor’s house sells for may have an effect on what yours sells for. While more homes are being sold is good news, prices are still on the low side in most cases. You can sign up to receive emails on homes similar to your own with a MyFirstWeber account if you’d like to keep track of the market just for informational purposes. If you are a buyer, ou may also use the same link to sign up to be notified via email of new listings matching your criteria.
First Weber has been reporting positive news here for the last five months to drive interest in home buying at this historical time… if more first time home buyers enter the market, move-up buyers also can do just that, move up. Despite the trend to increased sales, sellers should realize that the market is certainly not "back to normal" or a seller’s market. Yes, you may sell your home for less now. However, you may also buy for less as well.
We hope you enjoy receiving these updates on the Wisconsin real estate market. For information on specific cities in Wisconsin, please make a request as a comment.
Happy New Year!