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Market Statistics for Vilas and Oneida Counties in Northern WI as of 10-7-2011

Julie Paez - REALTOR -  Coldwell Banker Mulleady REALTORS, October 7, 2011 Market Statistic for Vilas and Oneida Counties in Northern Wisconsin
In a repeat performance to last month’s sales figures; it isn’t terrific but it is a nice trend.  The red line represents the number of homes sold by month in Vilas and Oneida Counties.  In September, there were 90 homes sold in Oneida and Vilas Counties.  In 2010, 93 homes sold and in September of 2009, 78 homes sold.  In August, there were 96 homes sold.  That compares with 94 homes sold in 2010 and 84 homes sold in 2009.  These numbers are not super but the red line is becoming a bit more consistent and I believe we are on track to have a better October than last year.
 
Another trend we are seeing is the reduced number of listings.  In 2007 and 2008, there really was a lot of inventory.  We sold a lot of homes but the rate at which we sell homes (called the saturation rate) was quite poor.  We still are far from healthy but we appear to be heading in the right direction and Seller’s that really have no motivation to sell ... more

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