“We live in Wisconsin. We expect slow sales in February” said Steve Lane, Chairman of the WRA Board of Realtors. And real estate sales in February reflect the record cold this winter, down almost 10% compared with last February. However, median prices are up 7.4% over last February. In fact, prices have risen all months but one in the last two years
Wisconsin housing remains very affordable:
Wisconsin Home Affordability index is currently at 245. While a decrease in affordability since an index of 294 seen last February, Wisconsin housing remains affordable – something buyers need to be reminded of.
Regionally, here the real estate sales recap comparing sales and prices in February 2014 vs 2013: (Source WRA)
Southeast Wisconsin/Metro Milwaukee real estate statistics
1251 homes sold in Southeast Wisconsin in February 2014, down 12% from last February. Median sales price up 11%
South Central Wisconsin/Madison area real estate statistics
659 homes sold in South Central Wisconsin in February 2014, down 5% from last February. Median sales price up 9%
Northeast Wisconsin/Fond du Lac/Appleton area real estate statistics
619 homes sold in Northeast Wisconsin in February 2014, down 9% over last February. Median sales price up 5.4%
Central Wisconsin/Wausau area real estate statistics
227 homes sold in Central Wisconsin in February 2014, down 6% from last February. Median sales price down 5%
Northwoods Wisconsin real estate statistics
246 homes sold in Northwoods Wisconsin in February 2014, down 16% from last February. Median sales price down .2%
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.
photo credit https://www.flickr.com/photos/cimexus/3200680457/sizes/l/