Market Update 3/31/2010
"How's the market?" is the most asked question I get these days. My comeback.....all over the board. I have been in real estate over 15 years and that is the best answer I can give. Just like the weather, it runs warm then cold. Not like the hot and warm scenario of years past. So, I will do a simple breakdown for you based on Sawyer County Residential Solds and you can see for yourself just how the market is doing.
2009 VS 2010
As of January 31, 2010 - There was a 65% increase in total sales, with a 43% increase in the median sold price and a 20% increase in total units sold.
As of February 28, 2010 - There was a 62% decrease in total sales, with a 31% decrease in the medain sold price and a 40% decrease in total units sold.
As of March 31, 2010 - There was a 60% increase in total sales, with a 31% increase in the median sold price and a 18% increase in total units sold.
We are on the monthly real estate roller coaster! But overall we have seen an upward trend so far in 2010. Lets hope that it continues. It will probably never be as "good" as it was in the past and we will establish a new "normal" market within the months to come. Make sure your seat belts are fastened and hold on as April has started in an upward motion and we have three weeks yet to go in April to see where the ride takes us.
Statistics provided by NW WI MLS and compiled from 3rd party sources. Stats include sinclude single family, condos, manufactured and duplexes reported to NW WI MLS MLXchange and may not include all properties sold. Stats do no include auction properties.
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