David Clark

Northwoods Housing Market Above State Average

Aug 19, 2015

 

   Wisconsin’s hot housing market is setting a trend for the rest of the year with existing home sales around the state seeing a drastic increase. Wisconsin Realtors Association economist David Clark says every region around the state saw an increase in sales, but the Northwoods came out on top.

 “…Sales volume is actually stronger in the northern region for the first seven months than the statewide average. The state average was 13.7 percent; the north was up 17.4 percent.”

A cold winter may be putting a damper on home sales in Wisconsin.  In the northern part of the state January sales were down about four percent, compared to the previous January…according to the Wisconsin Realtors Association.  Statewide sales were down almost seven percent.

But Economist David Clark says the cold weather could result in a spring rebound.

“The flip side may be that if colder than normal weather is causing some people to sit on the sidelines in December, January and February, it may simply shift them into March, April and May.” 

th.wikipedia.org

Home sales were up slightly in November for the Northern part of the state, according to the Wisconsin Realtors Association.  That bucks the trend for the rest of the state, which saw an overall dip in sales for November.  Marquette University economist David Clark says median price increases were also high – at over 8 percent in the north.

Bill McChesney

Home prices went up again last month, but the number of sales remained flat. 

Wisconsin Realtors Association reports median sale prices are up seven and a half percent so far this year...compared to 2012.  Economist David Clark says a high market inventory should keep prices from skyrocketing.

“I think those increases will moderate as we go forward.  And that ought to keep housing relatively affordable.”

invest-smart.org

Home sales and prices in Wisconsin continue to rise though the Northwoods isn't rising as fast as some regions.

Economist David Clark works with the Wisconsin Realtors Association...

 

"...when you look at August, the existing state sales were up about 13 percent and that's a good solid number in a month(August) that is a pretty high-volume month...median prices were up about 6.3 percent..."

In the Northwoods, Clark says sales and prices in August weren't as robust as the rest of the state...

 

Home Sales, Prices Rise

Jul 23, 2013
realtysignco.com

Housing sales and prices continue to rebound in the Northwoods....joining a statewide trend.

The Wisconsin Realtors Association reports statewide, sales rose more than 11 percent for the first six months of 2013 compared to a year ago.

In the 18 county northern reporting region, the median price was down one percent from a year ago at $106,000, but sales grew seven percent to almost 2,700 units.