February marked the 20th straight month of double-digit growth in sales of existing homes in Wisconsin, with sales up 11.7 percent compared to February 2012. Median home prices also grew to $122,000 in February, which represents a solid 6.1 percent rate of growth compared to February last year.
“We’ve seen a consistent pattern of declining inventories, and the state now has 8.6 months of supply,” said Renny Diedrich, chairman of the WRA board of directors. Specifically, comparing the most recent December, January and February sales figures to those same months a year earlier, home sales increased 14.5 percent.
“We have seen fairly consistent upward movements in median prices since last spring, and that trend continues as we move into 2013,” said WRA President and CEO, Michael Theo. He noted that most of the metropolitan counties have inventory levels that are between five and seven months of supply.
Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Rock County, and Dane County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. As you probably have heard, home sales have been increasing over the past couple of years. Both Dane and Rock counties are showing marked improvements in the number of homes sold. Dane County really showed an improvement in both home sales numbers and median home price this month over last year.
If you would like some insight into how much your home is currently worth, I would be happy to provide you with a free comparative market analysis. This is a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Has your home value fallen below what you currently owe? A short sale may be right for your situation. Visit the following page on Wisconsin Short Sales.
Housing Statistics for the State of Wisconsin:
Home Sales: 3,662
Median Home Price: $121,000
Home Sales: 3,224
Median Home Price: $114,950
Housing Statistics for Dane County, WI:
Home Sales: 343
Median Home Price: $194,000
Home Sales: 244
Median Home Price: $188,875
Housing Statistics for Rock County, WI:
Home Sales: 105
Median Home Price: $79,900
Home Sales: 114
Median Home Price: $83,249
View my report from last month. Wisconsin January Housing Statistics