Madison area home sales trail rest of Wisconsin. Great home afford-ability.

By
Real Estate Agent with Powered by: Real Broker LLC 50781-90

Here are the figures for Wisconsin and South Central Wisconsin which includes Madison and Dane County.  (Source WRA)


Wisconsin, Median Price:   Feb 2011    $117K       2010  $135K        -13.3%     

South Central (incl Madison)                $124 .9K             $145K        -17.2%


Over a year, Feb to Feb,  Home sale prices fell 17% in SCW, even more than the Wisconsin average.    

Home sales were down 5.5% in Wisconsin,   But down 13.2% in Madison’s SCW region. 

These declines are amongst the highest home sale statistics in the State in most part because the rest of the state has seen greater declines in previous years and Madison is just catching up.  There is also the fact that the area may have been more inflated in the first place. 

 

Either way, with low interest rates, it is still a very affordable time to make an investment in a home.   Afford-ability of homes has never been better (see graph)

 

While you are at it, try out our latest home search technology.   Search homes for sale Madison Wi



Posted by

Guy Lofts CRS,  is a long-term area resident who has been helping people make sound housing decisions since 1993.  Guy is a past president of the Wisconsin Chapter of CRS, the Certified Residential Specialists.  A leader in technology, having had his first personalized web page in 1995.  With a first Blog in 2006,  Guy has provided training with in his office and is to present a training at past Wisconsin Realtor conventions.

His passion is helping people improbe their quality of life through Real Estate.  That means whether you are in real estate of ust want to invest of buy a home, we can help you.

Real Estate Guy @ eXp Realty Madison 

Helping Buyers and Sellers in Madison WI  Search all homes for sale, Madison WI

 

 Guy Lofts Crs | Create Your Badge

Follow Us

Comments (0)

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?