Wisconsin’s strong real estate market continues into May with home sales up statewide by 2.9% over May 2015 with 8,044 properties sold. (source: WRA)
Median home prices are up 3.1% compared with last May. Median sale price for a home in Wisconsin is now $165,000. The last time we saw May median home sale prices at $165,000 was May of 2007.
“We’ve had a fabulous start to the year which was fueled by a strong overall economy and very good mortgage rates,” said K.C. Mauer, WRA board chairman.
“Even though our prices have been rising for more than 4 years, Wisconsin housing is still one of the best values when compared to other housing markets in the country,” said Michael Theo, WRA President and CEO.
Regionally, here the real estate sales recap comparing May sales and prices in 2016 vs 2015: (Source WRA)
Southeast Wisconsin/Metro Milwaukee real estate statistics
2872 homes sold in Southeast Wisconsin in May 2016, a 6.6% increase over last May. Median sales price up 2.4% to $175,050
(includes Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth, Washington and Waukesha Counties)
South Central/Southwestern Wisconsin area real estate statistics
1730 homes sold in South Central Wisconsin in May 2016 up 1.1% over last May. Median sales price up 2.9% to $189,450.
(includes Columbia, Crawford, Dane, Dodge, Grant, Green, Iowa, Jefferson, Lafayette, Richland, Rock and Sauk counties )
Western Wisconsin area real estate statistics
790 homes sold in Western Wisconsin in May 2016, down 5.5% over last May. Median sales price up 7.5% to $172,000.
(includes Buffalo, Chippewa, Dunn, Eau Claire, Jackson, La Crosse, Monroe, Pepin, Pierce, St. Croix. Trempealeau and Vernon counties )
Northeast Wisconsin area real estate statistics
1450 homes sold in Northeast Wisconsin in May 2016, up 5.5% from last May. Median sales price up 5.2% to $142,000
(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
485 homes sold in Central Wisconsin in May 2016, up 1.9% from last May. Median sales price up 7.1% to $124,000.
(includes Adams, Clark, Juneau, Marathon, Marquette, Portage, Waushara and Wood counties )
Northwoods Wisconsin real estate statistics
703 homes sold in Northwoods Wisconsin in May, down .8% from last May. Median sales price up 3.9% to $145,000.
(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.
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