Falling real estate sales could be due to the harsh winter and cold spring we have had in Wisconsin. For homes to close in April, typically the activity would occur in February, which was very cold and snowy. Low inventory in the more metropolitan areas of South Central WI and Greater Milwaukee could also be a cause in a sales slow down. Buyers are looking for more homes to look at. If there are not enough homes for sale, there simply will be less sales.
Regionally, here the real estate sales recap comparing sales and prices in April 2014 vs 2013: (Source WRA)
Southeast Wisconsin/Metro Milwaukee real estate statistics
1991 homes sold in Southeast Wisconsin in April 2014, down 10% from last April. Median sales prices stable.
South Central Wisconsin/Madison area real estate statistics
1175 homes sold in South Central Wisconsin in April 2014, down 9.6% from last April. Median sales price stable.
Northeast Wisconsin/Fond du Lac/Appleton area real estate statistics
964 homes sold in Northeast Wisconsin in April 2014, down 8.5% over last April. Median sales price up 1.7%
Central Wisconsin/Wausau area real estate statistics
302 homes sold in Central Wisconsin in April 2014, down 3.8% from last April. Median sales price down 13%
Northwoods Wisconsin real estate statistics
385 homes sold in Northwoods Wisconsin in April 2014, down 17.4% from last April. Median sales price up 2.8%
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/9619972@N08/3437096285/