Sales keep ricing, prices also rise a solid amount
The Wisconsin real estate market continues to improve, with April being the 22nd month of increased home sale numbers. Prices are looking up too – the median home sale price in Wisconsin rose almost 8% over this time last year. That’s a solid gain.
Price Pressure
“We’re seeing strong upward price pressure statewide and across all regions,” said Michael Theo, WRA President and CEO. Theo points out the tight inventory of entry level homes for sale is helping to fuel the higher end market. “We’ve been hearing from REALTORS that trade up buyers are having veru little problem selling their existing homes, which explains why higher end homes are moving more quickly than they have in the past,” he said.
Despite the rising prices, the Home Affordability Index is still high at 255 compared with 258 last year. Wisconsin remains more affordable than the national average. Source WRA
Taking a closer look at this April vs last year:
Wisconsin-wide real estate statistics
Sales up 9.2%, Median sales price up 7.8%
Southeast Wisconsin/Metro Milwaukee real estate statistics
Sales up 4.5%, Median sales price up 11%
South Central Wisconsin/Madison area real estate statistics
Sales up 18.5%, Median sales price up 7.6%
Northeast Wisconsin/Fond du Lac/Appleton area real estate statistics
Sales down 8.6%, Median sales up 3.4%
Central Wisconsin/Wausau area real estate statistics
Sales down 2.2%, Median sales price up 13.9%
Northwoods Wisconsin real estate statistics
Sales up 5.3%, Median sales price up 5.1%
Here are some GREAT reasons to buy a house now. Check out firstweber.com to see homes for sale in all areas of Wisconsin. Do not forget to download our Apps: iPad/iPhone or Android. Here is a video about what the First Weber Wisconsin real estate app can do.
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