The Wisconsin real estate market continued its positive trend with home sales up 3.4% over last November and the median statewide price rising 3.4% to $150,000. Information source: WRA
Wisconsin on pace to exceed 75,000 home sold for the year
“We expected positive growth in 2015, but this has definitley exceeded our expectations,” said K.C. Mauer, WRA board chairman. “The last time we sold that many homes was in 2005 when just over 75,000 homes were sold,” said Mauer
Home value increases exceed inflation
“Median home prices increased 7.1% in 2013, 3.1% in 2014 and 5.4% so far this year,” noted Michael Theo, WRA President and CEO. “Home values have significantly outpaced inflation over the last three years, giving homeowners a great return on investment.”
Regionally, here the real estate sales recap comparing sales and prices in November 2015 vs 2014: (Source WRA)
Southeast Wisconsin/Metro Milwaukee real estate statistics
(includes Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth, Washington and Waukesha Counties)
1686 homes sold in November 2015, a 3.8% increase from last year at this time. Median sales stable at $160,000 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 )
1021 homes sold in November 2015, an 11.3% increase from last year at this time. Median sales prices up 6.4% to $184,000 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 )
829 homes sold in November 2015, a 2.1% increase from last year at this time. Median sales prices up 3.0% to $129,900 for the Northeast region of Wisconsin.
Central Wisconsin area real estate statistics
(includes Adams, Clark, Juneau, Marathon, Marquette, Portage, Waushara and Wood counties )
303 homes sold in November 2015, a 2.4% increase from last year at this time. Median sales prices up 1.8% to $117,900 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 )
478 homes sold in November 2015, a decrease of 6.3% from last year at this time. Median sales prices up 9.6% to $128,500 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.
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