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October 18 2011
Wisconsin real estate sales in September, 2011 rise by 17.7% over last September
Wisconsin home sales were up substantially over a semi-dismal September last year. Median home prices fell a mere 1.5% when you compare prices in September 2010 to September 2011. That price drop when you compare month to month is the smallest decline this year. Combined with the increase in sales, we hope this is a trend that will continue, and continue to improve.
All Regions of Wisconsin improve September home sales
All regions of Wisconsin experienced increased sales with Northeast and South Central Wisconsin increasing by over 20%. Southeast Wisconsin rose 17.4% and Central 11.8%. The Northwoods area of Wisconsin has led the rest of the state for the first half of the year had sales up by the smallest amount: 5.1%
In a Milwaukee Journal Sentinel article, Wisconsin Realtors Association President, Mike Theo, said regarding the small drop in prices September to September “This is welcome news, although we shouldn’t put too much emphasis on just one month’s data.” “If we see a continuation of this pattern for several months in a row, then we might be able to conclude that prices are near the bottom,” Theo said.
Statewide snap shot 9/2010 9/2011 % change
New Listings 9330 7344 -21.3%
Closed Sales 4072 4794 17.7%
Median Sales Price 137,000 134,900 -1.5%
By Region Sales 9/2010 Sales 9/2011 % change
Southeast WI 1393 1636 +17.4%
South Central WI 719 888 +23.5%
Northeast WI 687 849 +23.6%
Central WI 279 312 +11.8%
Northwoods WI 533 560 +5.1%
Each month we’ll update our website with the newest Wisconsin real estate sales data from the Wisconsin Realtors Association. Also updated regularly is First Weber’s Wisconsin real estate & Wisconsin living blog. Please subscribe to our blog for updates.