Home Sales Report July 2017

Diminishing inventory of homes on the market has kept sales lower than the last two years, but has propelled the median prices of homes to reach record levels according to the Wisconsin REALTORS® Association (WRA). Their most recent sales report provided significant statistics for the month of July as shown below. STATS FOR THE MONTH OF JULY COMPARED TO JULY 2017 Home sales Decreased 5% compared to 2016 Decreased 7.5% compared to 2015 Median sales price of homes Grew 5.9% compared to 2016 Grew 28.5% compared to 2011 Inventory of homes on the market Declined 13.8% compared to 2016 Declined 45%… Read More

Housing Market Report – June 2017

Wisconsin’s housing market in June hit record levels for sales volume and prices according to the latest home sales report by the Wisconsin REALTORS® Association (WRA). Over the last 12 months, the median sales price for homes increased a remarkable 6.3%. According to WRA Board Chairman, Erik Sjowall (2017), lack of inventory has helped boost home prices but is the main reason why sales have not grown more. Inventory of homes for the month of June declined 18.3% compared to June of last year and has helped reduce the average days on the market. Demand for housing has been driven by… Read More