The Wisconsin housing statistics are in for MarchÂ of 2013. Here is an excerpt from what the Wisconsin RealtorsÂ® Association (WRA) had to say:
March marked the 20th straight month of double-digit growth in sales of existing homes in Wisconsin, with sales up 11.7 percent compared to March 2012. Median home prices also grew to $122,000 in March, which represents a solid 6.1 percent rate of growth compared to March last year.
â€œThis is the highest sales volume weâ€™ve seen in March since 2007, before the Great Recession began,â€ Â said Renny Diedrich, chairman of the WRA board of directors. Noting that sales moderated somewhat from the double-digit growth rates of the past year and a half.Â â€œItâ€™s inevitable that the torrid pace of sales will moderate since the base weâ€™re comparing to is a much improved market. Our markets remain strong and growing.â€
â€œVery low mortgage rates have certainly stimulated sales activity, and this combined with a decline in new listings has brought our unsold inventory levels down to just nine months of supply,â€Â said WRA President and CEO, Michael Theo.Â Â Inventory levels are down from 12.1 months a year ago, and from approximately 18 months of unsold homes in July 2011.
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 & prices have been increasing over the past couple of years. Both Dane and Rock counties are showing marked improvements in the number of homes sold and the price at which they are being sold at. 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.Â Has your home valueÂ fallenÂ belowÂ what you currently owe?Â AÂ short saleÂ may be right for your situation. Visit the following page onÂ Wisconsin Short Sales.
Housing Statistics for the State of Wisconsin:
March 2013 Home Sales: 4,910 Median Home Price: $123,000
MarchÂ 2012 Home Sales: 5,102 Median Home Price: $134,900
Housing Statistics for Dane County, WI:
March 2013 Home Sales: 466 Median Home Price: $186,500
MarchÂ 2012 Home Sales: 533 Median Home Price: $193,900
Housing Statistics for Rock County, WI:
MarchÂ 2013 Home Sales: 155 Median Home Price: $86,000
MarchÂ 2012 Home Sales: 132 Median Home Price: $103,500