“While the pace of the national economic recovery has been weak this year, Wisconsin home sales have rebounded nicely over the past year,” said Rob Keefe, Chairman of the WRA board of directors. He noted that Wisconsin home sales have been outpacing the nation.
The median price rose 2.1 percent in July, relative to July 2011, which represents the fifth straight month of higher median prices statewide. Although inventories remain solid, they have fallen significantly over the past year. “We were sitting on nearly 18 months of inventory in July of 2011, and that has fallen to just under 13 months,” said WRA President and CEO, Michael Theo.
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 substantially all year. Both Dane and Rock counties are showing marked improvements in the number of homes sold. Prices have bounced in Rock County, while in Dane County WI they appear to still be falling at a significant pace.
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: 6,055
Median Home Price: $142,500
Home Sales: 5,133
Median Home Price: $140,000
Housing Statistics for Dane County, WI:
Home Sales: 715
Median Home Price: $195,000
Home Sales: 558
Median Home Price: $214,250
Housing Statistics for Rock County, WI:
Home Sales: 161
Median Home Price: $109,500
Home Sales: 147
Median Home Price: $99,000
View my report from last month. Wisconsin June Housing Statistics