Expectations for Wisconsin real estate in 2012 are optimistic and the first 2 months of the year show South Central Wisconsin up 17% over last year year to date. February’s Dane County home sales are up 17.8% over last February, and across the South Central MLS system, home sales are up 20.5% over last February. Agents are reporting be busier than ever, website hits are up as are showings. Looks like the busy Spring market arrived early this year.
New listings were up slightly in February, but are at their lowest level since 2003 for Dane County and since 2006 for the whole South Central Wisconsin MLS area. A reduction in homes for sale inventory is one step towards a more balanced real estate market. The price range with the most residential homes for sale is $200,000-$249,900 with 1,103 properties on the market.
Dane County Median home sale price:
February 2012: $188,875
February 2011: $198,500
February 2101: $196,750
8 County area median home sale price:
February 2012: $143,500
February 2011: $141,000
February 2101: $165,000
Sales by county:
Columbia County 2012 YTD sales: 36 vs 27 last year at this time
Dane County 2012 YTD sales: 232 vs 197 last year at this time
Dodge County 2012 YTD sales: 28 vs 39 last year at this time
Grant County 2012 YTD sales: 12 vs 14 last year at this time
Green County 2012 YTD sales: 27 vs 23 last year at this time
Iowa County 2012 YTD sales: 10 vs 5 last year at this time
Rock County 2012 YTD sales: 109 vs 38 last year at this time
Sauk County 2012 YTD sales: 42 vs 29 last year at this time
Sales have been up for months and spring is now here. Buyers may recognize the great opportunities and no longer be willing to wait to get into a great home at a great price. Cash sales are also WAY up, a sign investors have entered the market in force, and also that lending practices are still tough.
Buyers: If you have been waiting, now may be the time for you jump in. See what is for sale at firstweber.com today.
Sellers: Price right to take advantage of the Wisconsin homebuyer activity. Check out your competition at firstweber.com today.
Thanks for reading the First Weber Wisconsin real estate and Wisconsin living blog for an update on South Central WI real estate sales.
Data source: South Central WI Multiple listing service
photo credit http://www.flickr.com/photos/sarahreido/3120877348/