2011 Wisconsin real estate sales review: Stable sales, strong second half.

Real estate sales across Wisconsin have improved in 2011, with many regions showing increased sales over 2010.  Statewide sales rose .2% and median sale price fell 6.4% It was wonderful to see home sales in the second half of 2011 well over numbers during the same time in 2010… December sales were up 11% over last December. We’ll keep you posted on what we hope will be a continuing trend in 2012.

Wisconsin real estate sales growth by region

Southeast Wisconsin:  Sales up 3.4% over previous year with 18,386 homes sold in 2011. Median price down by 9% to $142,000.

South Central Wisconsin: Sales down 1.2% from last year with 10,195 homes sold in 2011. Median price down by 3.7% to $156,000.

Northeast Wisconsin: Sales up .1% over previous year with 9,019 homes sold in 2011. Median price down 5.5% to $118,100.

Central Wisconsin: Sales down 6.1% from  previous year with 3,160 homes sold in 2011. Median price down 6.3% to $106,000.

Northwoods Wisconsin: Sales up 2 .1% over previous year with 5,028 homes sold in 2011. Median price down 4.2% to $115,000.

Though new listings are down, meaning less homes for buyers to choose from, it remains a buyer’s market in Wisconsin.  Low prices and low mortgage rates has pushed affordability to high levels, great news for buyers who have good credit and are able to buy now.   See what’s available for sale in Wisconsin at firstweber.com.  Or, check out SOLD property data all across Wisconsin with First Weber’s Sold property search, available for free. A free account registration may be needed in some parts of Wisconsin due to MLS rules.

For more information about Wisconsin and Wisconsin real estate, please see the First Weber Wisconsin real estate & Wisconsin living blog.

data provided by the Wisconsin REALTORS Association.

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