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Housing Market Report-June 2018

Demand for homes in Wisconsin remained strong in May but the number of home sales fell 5% compared to May 2017 according to the Wisconsin REALTORS® Association’s May 2018 Home Sales Report. In contrast, median home sales prices increased 8% over the same period. The main reason for the drop in home sales and increase in home prices is lack of inventory of homes on the market, which has been a nationwide problem. Metropolitan counties in the state had just over 3.5 months of housing supply in May compared to rural counties which had over 7 months of supply. Typically,...
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5 DIY Projects to Prep Your Home to Sell

Instead of focusing on major renovations that are expensive and time consuming, consider taking on a few inexpensive projects to make your home more appealing to potential buyers and help you sell. Improve Storage Space: Buyers will be interested in checking out the storage options in a home. Ways to make storage spaces appear larger include: Empty out half of your closets and add a closet organizer Remove junk in the garage and crawl spaces Add organizers in your cabinets Improve bathroom storage by adding additional cabinets or over-the-toilet storage Fresh Paint: A fresh coat of paint can easily make...
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Housing Market Report-May 2018

The healthy economy continues to invigorate Wisconsin’s housing market as buyer demand remains strong, motivating home prices to persistently increase. According to the Wisconsin REALTORS® Association’s April Home Sales Report, median prices in the state have increased 5.9% in the last 12 months, pushing up the median home sales price to $180,000. The low level of homes for sale is also a major contributing factor to the surge in home prices. Comparing April 2018 to last April, the level of homes for sale were 19% lower and new listings were 14% lower. As a result, it left only 4.2 months...
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Housing Market Report-April 2018

For the first quarter of 2018, real estate sales in Wisconsin were up 2.1% and median prices were up 6.3% compared to the first quarter of last year according to the Wisconsin REALTORS® Association’s (WRA) recent analysis of the current housing market. Lack of homes for sale is the leading contributor for the increase in sales prices. The WRA reported that there was only 3.1 months of available supply in urbanized metro areas of Wisconsin, making for a very strong seller’s market in these particular parts of the state. Over the last year, home prices increased nearly 3 times the rate...
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