Last Year was the year of the "Homebuyer's Tax Credit" In our market if forced a large number of sales into the First Half of the Year when it ended. This is the year of return to actual market conditions.
Our Rock County, Wisconsin single family homes sales in the First half of 2011 fell behind the First half of 2010 as expected. So what has been going on since July 1, 2011?
Home sales have surpassed the number of homes in 2010 for July, August, September and October by about 30%.
In fact, Single Family home sales for the last three months have increased from 314 to 407, a 30% increase!
Better yet, home prices have increased 4%, this year over last year! This is the 1st period where we have seen home prices rise in our Market Place since the recession began three years ago. Three months does not mean the market is well. But, it may be a sign that there is some stability and maybe even that prices have bottomed out.
It is a great time to buy with good prices and low interest rates hovering around 4%. There is nothing quite like owning your own home!
Good News for us!
Jerry Morse, Real Estate Broker
The Morse Company, 608 754-5300
Source: Rock Green Realtors Association MLS