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Existing home sales in Wisconsin fell in November compared to the same month last year, but home prices increased over the same period, according to the most recently released analysis of the state’s housing market by the Wisconsin REALTORS® Association (WRA). Existing home sales in November were down 6 percent whereas median prices rose 6.6 percent to $145,000 between November 2013 and November 2014.“The last couple of months have been a bit of a roller coaster in terms of sales,” said Dan Kruse, chairman of WRA board of directors. “October sales were up over last year but sales in November were down” Kruse said. Comparing year-over-year sales for the two months, October sales rose 658 units compared to October 2013 while November sales declined 288 units relative to November 2013. “Putting these numbers into perspective, our housing market remains strong in Wisconsin,” Kruse said. “We had the strongest September to November sales period since 2006, before the Great Recession began”
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Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Dane County, and Rock County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. This month both Dane & Rock County’s home prices increased significantly. On a year over year basis, Dane County’s total number of homes sold was up while Rock County home sales slipped.
Thinking of purchasing a home before prices or rates rise any further? I’d be happy to show you any homes currently listed for sale. Feel free to visit either site below:
Real Estate Listings in Janesville, WI
Real Estate Listings in Madison, WI.
With the recent home price increases, now might be the right time to sell your Wisconsin home. Take advantage of your increased equity! Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:
What’s My Wisconsin Home Worth?
Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our distressed property page for more information.
Housing Statistics for the State of Wisconsin:
November 2014
Home Sales: 4,542
Median Home Price: $145,000
November 2013
Home Sales: 4,807
Median Home Price: $136,000
Housing Statistics for Dane County, WI:
November 2014
Home Sales: 431
Median Home Price: $225,000
November 2013
Home Sales: 425
Median Home Price: $210,000
Housing Statistics for Rock County, WI:
November 2014
Home Sales: 131
Median Home Price: $113,000
November 2013
Home Sales: 147
Median Home Price: $108,000
View my report from last month. Wisconsin October 2014 Housing Statistics
Wisconsin November 2014 Housing Statistics
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