The Wisconsin housing statistics are in for November of 2013. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:
Wisconsin home sales fell 6 percent in November 2013 when compared to November 2012, although total sales for the year remain ahead of 2012. Comparing the first 11 months, home sales were up 11.1 percent in 2013 over 2012. Prices were also higher in November, rising 4.7 percent above the same month last year, to a statewide median of $136,000.
“Over the last two months, the housing market has definitely cooled from the red-hot pace that characterized the first three quarters of 2013.” said Steve Lane, chairman of the WRA board of directors. “This was bound to happen since the base of comparison is 2012, and that was a very strong year for home sales.” he said.
Lane pointed to markedly higher mortgage rates, steady upward movement in prices over the last year and a half, and heightened uncertainty of federal fiscal and health care policies as potential factors for the cool down..
Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Rock County, and Dane County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. As you probably have heard, home sales & prices have been increasing over the past few years. Both Dane and Rock counties are showing marked improvements in the number of homes sold and the price at which they are being sold at. Although the numbers cooled in November statewide, Dane and Rock County have been outperforming!
Thinking of purchasing a home before prices or rates rise any further?! I'd be happy to show you any homes currently listed for sale. Feel free to visit Janesville, WI Homes for Sale to search for current properties listed in the Janesville area or visit Madison, WI Home Listings for Sale for MLS Listings in the Madison area.
Now might be the right time to sell your home! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a free comparative market analysis. This is a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:
Has your home value fallen below what you currently owe? A short sale may be right for your situation. Visit our page on Wisconsin Short Sales for more information.
Housing Statistics for the State of Wisconsin:
Home Sales: 4,770
Median Home Price: $136,000
Home Sales: 5,020
Median Home Price: $129,950
Housing Statistics for Dane County, WI:
Home Sales: 419
Median Home Price: $208,500
Home Sales: 415
Median Home Price: $198,000
Housing Statistics for Rock County, WI:
Home Sales: 144
Median Home Price: $108,750
Home Sales: 141
Median Home Price: $87,000
View my report from last month. Wisconsin October 2013 Housing Statistics