Sales and prices up, again
Septemeber 2015 home sales were 11% higher than last September and the median home price in Wisconsin also rose 4.3%. If we compare the first nine months of this year with the same period in 2014, home sales rose 12.6% and median price is up 5.7%
“It was a great summer for home sales, and we seem to be carrying that momentum into the fall selling season,” said K.C. Mauer, WRA board chairman. September, October and November typically account for around 24% of the yearly home sales in Wisconsin.
A strong fall selling season has the potential to take us to the area of 75,000 home sales a year. The last time that level was surpassed was 2005.
Inventory tight
As an average, there is currently 8.1 months of available housing supply
- More in rural areas: 13.4 months
- Less in urban areas: 6 months
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 September 2015 vs 2014: (Source WRA)
Southeast Wisconsin/Metro Milwaukee real estate statistics
(includes Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth, Washington and Waukesha Counties)
2466 homes sold in September 2015, a 11% increase from last year at this time. Median sales prices up 1.2% to $165,000 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 )
1291 homes sold in September 2015, a 504% increase from last year at this time. Median sales prices up 8.6% to $182,000 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 )
1280 homes sold in September 2015, a 13.6% increase from last year at this time. Median sales prices down 2.5% to $135,000 for the Northeast region of Wisconsin.
Central Wisconsin area real estate statistics
(includes Adams, Clark, Juneau, Marathon, Marquette, Portage, Waushara and Wood counties )
441 homes sold in September 2015, an 14.2% increase from last year at this time. Median sales prices up 4.7% to $115,900 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 )
783 homes sold in September 2015, an increase of 17.9% from last year at this time. Median sales prices up 14.7% to $144,000 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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