We are expecting a record year for Wisconsin real estate sales. Across the state, home sales and median sale prices surged… home sales are the highest they have been in more than 10 years. As a whole, Wisconsin home sales matched last October’s very strong sales. Prices for the first 10 months of the year are 5.1% higher than the same time frame in 2015!
Demand exceeds supply of homes
As in months past, sales would have been even higher if there were more homes on the market. Interest rates are very low, buyers are out in force and competing for well-kept, well-priced homes. “Even though sales activity starts to wind down as we get closer to winter, it’s clear we are on pace for a very strong 2016,” said Erik Sjowall, WRA board chairman.
It is a great time to sell with this buyer demand. And buyers, even though prices are rising, the rates are still incredibly low.
Here is the real estate sales recap comparing September sales and prices in 2016 vs 2015: (Source WRA)
Southeast Wisconsin/Metro Milwaukee real estate statistics
2403 homes sold in Southeast Wisconsin in October 2016, a 5.6% increase over last October . Median sales price up 4.5% to $176,575.
(includes Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth, Washington and Waukesha Counties)
South Central/Southwestern Wisconsin area real estate statistics
1263 homes sold in South Central Wisconsin in October 2016, down 4.3% from last October . Median sales price up 5.1% to $186,000.
(includes Columbia, Crawford, Dane, Dodge, Grant, Green, Iowa, Jefferson, Lafayette, Richland, Rock and Sauk counties )
Western Wisconsin area real estate statistics
645 homes sold in Western Wisconsin in October 2016, down .09% from last October . Median sales price up 6.9% to $170,870
(includes Buffalo, Chippewa, Dunn, Eau Claire, Jackson, La Crosse, Monroe, Pepin, Pierce, St. Croix. Trempealeau and Vernon counties )
Northeast Wisconsin area real estate statistics
1244 homes sold in Northeast Wisconsin in October 2016, up 7.7% from last October . Median sales price up 6% 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
382 homes sold in Central Wisconsin in October 2016, down 19.2% from last October . Median sales price down .1% to $129,900.
(includes Adams, Clark, Juneau, Marathon, Marquette, Portage, Waushara and Wood counties )
Northwoods Wisconsin real estate statistics
783 homes sold in Northwoods Wisconsin in October, up 7% from last October . Median sales price up 11% to
(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 & parts of MN, 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
Thanks for reading the First Weber Wisconsin real estate & Wisconsin living blog.