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Racine Wisconsin 2008 Sales Statistics
The first 55 days of the Racine Real Estate Market as compared to the previous four years statistics indicates continued market adjustment. The number of sold properties, the average sales price, and variance of List Price to Sold Price have been in decline since July of 2006. Days on market has increased since 2004.
THESE STATISTICS ARE FOR SINGLE FAMILY HOMES SOLD EAST OF I-94 FROM JAN.1,2008-FEB.24,2008
YEAR                  #  SOLD      AVG. SOLD PRICE         DAYS ON MARKET       VARIANCE LIST TO SOLD PRICE
2004                        131               $135,027                             55                                         3%
2005                        135               $147,493                             60                                        2%
2006                        154               $160,177                             75                                         2%
2007                        148              $153,780                             85                                         3%
2008                         97                $146,890                           101                                        4%
THESE STATISTICS ARE AS REPORTED FROM METRO MULTIPLE LISTING SERVICE AS OF 2/24/2008
THE 2008 NUMBERS ARE ALSO INFLUENCED BY RECORD SNOWFALL AND LOW TEMPERATURES. (EXTREME WEATHER HAS AN ADVERSE EFFECT IN ANY MARKET.)
ALL OTHER INDICATIONS POINT TO AN ENCOURAGING OUTLOOK FOR THE RACINE AREA REAL ESTATE MARKET.
 
 
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