More Wisconsin homes sold this first quarter of 2016 than any other quarter since 2007, before the recession. Statewide, sales were up 4.2% and median price rose 6% over the same time period last year.
A lack of inventory is causing prices to rise. Despite rising prices, real estate in Wisconsin remains very affordable compared with the rest of the country. However, buyers must be prepared to make quick decisions and make their best offer first.
Regionally, here the real estate sales recap comparing 2016 first quarter sales and prices to the same time period in 2015: (Source WRA)
Southeast Wisconsin/Metro Milwaukee real estate statistics
4,773 homes sold in Southeast Wisconsin in the first quarter of 2016, a 3.8% increase over the same period last year. Median sales price up 4.7 to $157,000%.
(includes Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth, Washington and Waukesha Counties)
South Central/Southwestern Wisconsin area real estate statistics
2,595 homes sold in South Central Wisconsin in the first quarter of 2016, up 2.6% over the same period last year. Median sales price up 3.2% to $180,000.
(includes Columbia, Crawford, Dane, Dodge, Grant, Green, Iowa, Jefferson, Lafayette, Richland, Rock and Sauk counties )
Western Wisconsin area real estate statistics
1,254 homes sold in Western Wisconsin in the first quarter of 2016, up 3.2% over the same period last year. Median sales price up 3.4% to $150,000.
(includes Buffalo, Chippewa, Dunn, Eau Claire, Jackson, La Crosse, Monroe, Pepin, Pierce, St. Croix. Trempealeau and Vernon counties )
Northeast Wisconsin area real estate statistics
2,393 homes sold in Northeast Wisconsin in the first quarter of 2016, up 7.2% over the same period last year. Median sales price up 5.7%.
(includes Brown, Calumet, Door, Fond du Lac, Green Lake, Kewaunee, Manitowoc, Marinette, Menominee, Oconto, Outagamie, Shawano, Waupaca and Winnebago counties )
Central Wisconsin area real estate statistics
775 homes sold in Central Wisconsin in the first quarter of 2016, up 5.2% over the same period last year. Median sales price up 11.6%to $120,000.
(includes Adams, Clark, Juneau, Marathon, Marquette, Portage, Waushara and Wood counties )
Northwoods Wisconsin real estate statistics
1081 homes sold in Northwoods Wisconsin in the first quarter of 2016, up 3.9% over the same period last year. Median sales price up 20%to $126,000
(includes Ashland, Barron, Bayfield, Burnett, Douglas, Florence, Forest, Iron, Langlade, Lincoln, Oneida, Polk, Price, Rusk, Sawyer, Taylor, Vilas and Washburn counties )
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, Southwestern WI, Western WI, 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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