For the second quarter in a row, Wisconsin has seen existing home sales rise and median prices remain stable according to data from the second quarter of 2010 released by the Wisconsin REALTORS Association.
Wisconsin outperformed the nation with a rise of 19.4% in existing home sales in the second quarter of 2010 compared with the second quarter of 2009. Nationally, home sales rose 17.3%. As a state, the median home sale price remained stable falling just .1% in the second quarter of 2010 compared with second quarter 2009.
First Weber Group has begun a blog series by county showing median home sale price year over year, month by month. You can see the start of that series in our Wisconsin real estate statistic category. There are a lot of counties in Wisconsin where First Weber sells real estate so not all counties are represented yet, but that is the goal.
Within Wisconsin, five of our six regions saw existing home sales rise by double digits with the strongest sales growth occuring in the Central part of the state – a 26.1% increase when you compare second quarter 2010 sales to second quarter 2009 sales. South Central followed with 24.9% increase, then Northeast with 23%, Southeast with 17.5%, West with 16.1%. The Northern region increased 6.6%. Much of the market in the Northwoods is vacation homes which did not qualify for the federal tax credit which benefitted the other counties in this quarter so well.
Homes are affordable today, especially when combined with historically low interest rates. Those with good credit may find now to be the perfect time to make a wise real estate purchase. Please choose First Weber Group as your Wisconsin real estate service provider and thank you for reading the First Weber Wisconsin real estate blog.
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