Over the last quarter, Wisconsin home sales have been very strong, continuing the local and national real estate trends of 2013. According to the most recent housing report from the Wisconsin REALTORS® Association (WRA), home sales increased 15.8% in September compared to that same month in 2012, representing an overall 13.6% increase through the first nine months of the year.
Home sales have now increased for 27 consecutive months. Throughout Wisconsin, each specific region saw double-digit growth in September 2013 compared to the same month in 2012. The south central region of Wisconsin grew by over 19%, with southeastern Wisconsin showing 14% growth.
Median home prices in Wisconsin increased as well. In fact, median home prices have grown in all but one of the last 19 months. Year-to-date, median home prices have increased 7.8% compared to the first nine months of 2012. Wisconsin’s median price for homes for sale is $144,000. Michael Theo, WRA President and CEO, notes that “inventories have tightened, which put upward pressure on our prices, the steady supply of new listings has kept prices from accelerating too quickly.”
Categories: Quarterly Newsletter