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November 28 2011
Wisconsin real estate for October, 2011
Wisconsin home sales have outpaced last year sales for the fourth straight month, increasing 13.5% over last October. Median sale price is down 7.8% to $129,000. It has been a strong fall for Wisconsin real estate sales and nice to have that momentum as we head toward the new year.
All regions in double digit sales volume increases except the Northern region. Here’s a look at sales volume and median price. (Data from Wisconsin Realtors Association)
| Region | Median price 10/2011 | Median price 10/2010 | % change | Sales 10/2011 | Sales 10/2010 | % change |
| Southeast | $139,110 | $154,750 | -10.1% | 1493 | 1253 | 19.2% |
| South Central | $143,000 | $153,000 | -2% | 782 | 694 | 12.7% |
| Northeast | $116,900 | $129,900 | -10% | 775 | 695 | 11.5% |
| Central | $107,000 | $113,000 | -5.3% | 289 | 249 | 16.1% |
| Northwoods | $115,000 | $120,000 | -4.2% | 516 | 506 | 2% |
Statewide, the median price has fallen 7.8 from last October stats and year to date the median price is down 5.7%. “It’s clear that prices have moderated, and that’s not surprising given the high levels of inventory in the state,” said WRA President and CEO Michael Theo. There is 15.5 months of housing inventory for sale right now. What does that mean? It means that at the current rate of sales, it would take 15.5 months to sell off the current inventory.
If you are a home buyer in Wisconsin, you have many properties to choose from and interest rates are at record lows. Start searching for Wisconsin real estate for sale at firstweber.com and/or set up a free My First Weber accountto get emails on new listings, price changes etc. If you are a seller, you have a lot of competition. Be sure to talk regularly with your agent, review list price, stage your home to be appealing to more buyers and keep an eye on your competition with a My First Weber account as well.
For more articles like this, please visit the First Weber Wisconsin real estate & Wisconsin living blog.