Dennis & Gail gave these reasons it is a good time to buy real estate right now:
The low interest rates. Low interest rates can save tens of thousands of dollars over the course of the loan. Even if prices fall, interest rates may rise and you may still end up paying more for the house over the course of the loan, even though you paid a lower price for the house. Interest rates affect your long term costs. It is important to weigh the benefits of these low interest rates.
Houses are more affordable than they have been in decades. You can buy a lot for your money. Go ahead and search firstweber.com for Oshkosh real estate for sale – see what you can get!
The selection of homes to choose from is very good. According to RANW MLS, in Oshkosh, there are 2604 homes to choose from as of May, 2011. In Fond du Lac, there are 1830.
Below are some statistics from RANW MLS for the Oshkosh and Fond du Lac area
# Listings sold YTD 2011: 421
# Listings sold YTD 2010: 542
Difference of -22%
Average Sell Price YTD 2011: $118,082
Average Sell Price YTD 2010: $125,442
Difference of -5.87%
The median sales price in Winnebago County in 2009 was $116,000. In 2010 it was $119,900, a difference of 3%.
Fond du Lac:
# of listings sold YTD 2011: 266
# of listings sold YTD 2010: 357
Difference of -25.49%
Average Sell Price YTD 2011: $115,060
Average Sell Price 2010: $117,893
Difference of -2.4%
Median sales price in 2009 for Fond du Lac County was $110,000. In 2011 is was $123,250, a difference of 11%.
If you are in the position to buy real estate for personal use or investment, now is a unique opportunity. We invite you to search Wisconsin real estate for sale at firstweber.com and contact Gail or Dennis Schwab about real estate in the Oshkosh area.
Thank you for reading the First Weber Wisconsin real estate & Wisconsin living blog about Oshkosh and Fond du Lac real estate – and now why now is a good time to buy real estate – anywhere in Wisconsin. First Weber Group has you covered there – locate a First Weber real estate office.