Wisconsin real estate sales showed signs of improvement in both the number of sales of existing homes and in median prices. Home sales in February increased almost 2% compared with this time last year. Median prices increased 6.1% over last February as well, according to data released by the Wisconsin REALTORS Association.
In the Milwaukee area, home sales decreased slightly and home sale prices rose by more than 10%. This is most likely due to a lack of inventory for sale. Buyers can’t find the house they want to buy easily, but when they do, they could be in competition with other buyers, pushing up the sales price.
Home prices have risen 35 of the last 36 months and mortgage rates remain low. Spring is always busy so if you are thinking about selling or buying real estate in Wisconsin, we’d be honored to assist you.
Regionally, here the real estate sales recap comparing sales and prices in 2015 vs 2014: (Source WRA)
Southeast Wisconsin/Metro Milwaukee real estate statistics
(includes Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth, Washington and Waukesha Counties)
1283 homes sold in February 2015, a 1.5% decrease from last year at this time. Median sales prices up 11.7%.
South Central/Southwestern Wisconsin area real estate statistics
(includes Columbia, Crawford, Dane, Dodge, Grant, Green, Iowa, Jefferson, Lafayette, Richland, Rock and Sauk counties )
707 homes sold in February 2015, a 4.7% increase from last year at this time. Median sales prices up 10.8%.
Northeast Wisconsin area real estate statistics
(includes Brown, Calumet, Door, Fond du Lac, Green Lake, Kewaunee, Manitowoc, Marinetter, Menominee, Oconto, Outagamie, Shawano, Waupaca and Winnebago counties )
636 homes sold in February 2015, a 2.1% decrease from last year at this time. Median sales prices down .9%.
Central Wisconsin area real estate statistics
(includes Adams, Clark, Juneau, Marathon, Marquette, Portage, Waushara and Wood counties )
222 homes sold in February 2015, a 3% decrease from last year at this time. Median sales prices up 7.7%.
Northwoods Wisconsin real estate statistics
(includes Ashland, Barron, Bayfield, Burnett, Douglas, Florence, Forest, Iron, Langlade, Lincoln, Oneida, Polk, Price, Rusk, Sawyer, Taylor, Vilas and Washburn counties )
292 homes sold in February 2015, a 16.8% increase from last year at this time. Median sales prices down 9.8%.
These numbers from The Wisconsin Realtors Association paint a general picture of the state of real estate in Wisconsin. To see the details of your community or even your neighborhood, connect with a First Weber real estate agent for a free consultation or discussion. They are happy to share local data with you.
To see Wisconsin real estate for sale, please visit firstweber.com and download our free real estate apps.
First Weber sells real estate throughout Wisconsin: Metro Milwaukee and Southeastern WI, South Central Wisconsin/Greater Madison, Central Wisconsin, Northeast Wisconsin andWisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com
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