Sales and prices up
The summer selling season closed out with home sales up 3% over last August and median home sale prices also up 2.9% over this time last year. Median sales price statewide was $161,500. Strongest summer volume since 2005.
“June through August is always our busiest searson, and 2015 has been an exceptional summer for Wisconsin home sales,” said K.C. Mauer, the WRA board chairman. “A typical summer accounts for about 32% of annual sales, and this year we were up 14%over last year – making summer 2015 the strongest summer volume since 2005 before the recession,” said Mauer.
Inventory tight
Inventory remains tight and if you have been thinking of selling, contact your First Weber agent to get the process started. Great houses priced and presented well may see multiple, competing offers.
For buyers, there are nice opportunities available, yet be prepared to move quickly. Working with an experienced real estate agent who knows the market is the best way to do that.
Regionally, here the real estate sales recap comparing sales and prices in August 2015 vs 2014: (Source WRA)
Southeast Wisconsin/Metro Milwaukee real estate statistics
(includes Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth, Washington and Waukesha Counties)
2676 homes sold in August 2015, a 5.4% increase from last year at this time. Median sales prices down 1.2% to $172,950 for the metro Milwaukee area.
South Central/Southwestern Wisconsin area real estate statistics
(includes Columbia, Crawford, Dane, Dodge, Grant, Green, Iowa, Jefferson, Lafayette, Richland, Rock and Sauk counties )
1511 homes sold in August 2015, a 5.9% increase from last year at this time. Median sales prices up 4% to $185,000 for the South Central region of Wisconsin.
Northeast Wisconsin area real estate statistics
(includes Brown, Calumet, Door, Fond du Lac, Green Lake, Kewaunee, Manitowoc, Marinette, Menominee, Oconto, Outagamie, Shawano, Waupaca and Winnebago counties )
1361 homes sold in August 2015, a .9% increase from last year at this time. Median sales prices up 3.5% to $144,900 for the Northeast region of Wisconsin.
Central Wisconsin area real estate statistics
(includes Adams, Clark, Juneau, Marathon, Marquette, Portage, Waushara and Wood counties )
500 homes sold in August 2015, an 11.6% increase from last year at this time. Median sales prices up 1.4% to $126,500 for the Central region of Wisconsin.
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 )
745 homes sold in August 2015, a decrease of 1.2% from last year at this time. Median sales prices up 13.1% to $148,000 for the Northwoods area of Wisconsin.
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 and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com
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