Wisconsin October 2011 Housing Statistics

The Wisconsin housing statistics are now in for October of 2011. Here is an excerpt from what the Wisconsin Realtors Association (WRA) had to say:
For the fourth straight month, Wisconsin’s monthly home sales outpaced last year while median prices continued to fall, according to data released by the Wisconsin REALTORS^® Association (WRA). Existing home sales increased 13.5 percent in October compared to October 2010, and median prices fell 7.8 percent over the same period to $129,000.
 “We are continuing the trends seen throughout the third quarter with home sales well above the depressed levels of 2010,” said Rob Keefe, Chairman of the WRA Board of Directors. “By front-loading sales in 2010, the Federal Tax Rebate Program made sales in the first half of this year look weak,” said Keefe. “Conversely sales in the second half of this year look much stronger by comparison,” he added. Sales in the first half of 2011 were 17.6 percent below the 2010 levels, but in the last four months, the state is 24.5 percent ahead of last year’s pace, making the year-to-date figures just 2.8 percent lower. “The economic fundamentals really haven’t changed much over the past year so it’s not surprising our sales volume is about the same overall,” said Keefe.

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 can see, home sales have been increasing substantially this year. What I find most interesting in October's data is that Rock County Wisconsin home prices are staying steady, while Dane County Wisconsin home prices have been decreasing.

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.
Housing Statistics for the State of WI: 

October 2011
Home Sales: 4,343
Median Home Price: $129,000

October 2010
Home Sales: 3,825
Median Home Price: $139,900

Housing Statistics for Dane County, WI: 

October 2011
Home Sales: 298
Median Home Price: $203,250

October 2010
Home Sales: 277
Median Home Price: $210,000

Housing Statistics for Rock County, WI:

October 2011
Home Sales: 136
Median Home Price: $95,450

October 2010
Home Sales: 121
Median Home Price: $96,000

This information is courtesy of the WRA, Wisconsin Realtors Association. Please follow this link for further details: WRA Housing Statistics

View my report from last month. Wisconsin Housing Statistics