Market Stats or Things that make you go hmmm...

By
Managing Real Estate Broker with Keller Williams Premier Realty

I had a quick look at February market stats just before the end of the month.  We had such a great month in January and I have a couple of expireds wanting to relist when the market heats up.  So, I was curious to see if February is continuing the increases started in January.

 

Unfortunately, preliminary numbers are showing a decrease.  In 2015, 57 homes were sold from 2/1/2015 through 2/25/2015.  This year, only 32 homes were sold in the same time period.  Average is down from $182,313 to $140,343.  Yikes!  One thing I need to keep in mind is that there are no penalties for timely MLS reporting, so there are still some sales yet to be reported.  However, I don't believe 25 homes have been unreported.

 

The homes closed in February are generally from the holidays through the beginning of January.  We did have a snow storm right after Christmas, but usually that doesn't slow us hardy Wisconsinites down.  Maybe it was due to decreased inventory?  Are people watching the presidential debates and believing that the economy is bad and only the candidate can fix it when elected?

 

Hmm...something to keep a close eye on.  I'll have better numbers about 10 days after the beginning of March.

Posted by

Joan Dickie

Broker, Licensed in WI and MN

Proudly serving La Crosse County WI and Houston County MN

608-788-6012 (office)

608-397-1790 (cell)

joanmdickie@gmail.com

 

 

 

Comments (6)

Women of Westchester Working Together
Women of Westchester Working Together - West Harrison, NY
Women helping Women get ahead

It could just be that many of them shifted to January.  I find that Jan/Feb numbers can often be misleading. It's better to look at the 2 of them combined.  In my biz, things don't seem to look more normal nor tell me how the year is shaping up until I get to end of March.

Feb 28, 2016 11:26 AM
Dana Tapia
Re/Max of Orange Beach - Orange Beach, AL
Gulf Coast Real Estate Professionals

Our number seem to be going up, but I was told we'd have to wait until April before we'd know for sure.  Definitely, hmmmm.  

Feb 28, 2016 11:43 AM
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

Women of Westchester Working Together Debbie, I think you are right.  I have been a little more vigilant as I have been hearing of small layoffs here and there and my expireds that I have are in the entry level price level which are sensitive to these layoffs.

Feb 28, 2016 11:55 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Hmm...

I am sure you will do your part to get these numbers back on track Joan!

 

Feb 28, 2016 12:11 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Drives me nuts when people don't report in a timely fashion to the MLS.

Feb 28, 2016 12:30 PM
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Our numbers are going up.  Not way up, but up, which is a good direction!

Feb 28, 2016 01:04 PM

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