Home sales

Northern Wisconsin Home Sales Double State Average

Jun 23, 2015
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Housing sales are up for the third straight month in Wisconsin--and in Northern Wisconsin in particular. According to analysis by the Wisconsin Realtors Association, home sales were up nearly 8% state-wide in May, and median prices of homes rose nearly 7%. Sales in Northern Wisconsin were nearly double the state average at 15%.

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An improving economy is helping fuel a growth in home sales and prices in Wisconsin.

The Wisconsin Realtors Association reported sales in April of this year were up 16 percent from last year and median prices were about 10 percent higher than one year ago.

Economist David Clark says a combination of more people working, relatively lower cost housing and one other factor all lead to more homes being sold...

"...as you look at the level of interest rates in April, they were about 3.7 percent for a 30-year fixed rate mortgage....

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Northern home sales shot up in February, compared to that month last year, by almost 17 percent. 

That’s better than the statewide average, which showed a less than two percent rise…according to numbers from the Wisconsin Realtors Association.

Economist Dave Clark says a milder winter may have helped the market.  

“We’re really comparing to a February last year that was pretty weak.  We had that long cold winter, and you know spring came a lot later than it typically does.”

December wasn’t a great month for home sales in northern Wisconsin, but the region still managed to exceed its total sales volume from the previous year. 

Sales in northern Wisconsin dropped by more than 7 percent in December compared to that month in 2013.  But this part of the state came out ahead when looking at the year as a whole, with sales up about one percent according to the Wisconsin Realtors Association. 

Those gains are the strongest of any region in Wisconsin.

As we approach the end of the year, Northern Wisconsin’s housing market is looking good compared to 2013.

Sales in this part of the state are up about 1.6 percent so far this year. 

That’s the opposite of the statewide trend, which is lagging behind last year’s sales by about two percent. 

Economist Dave Clark says the numbers in northern Wisconsin show a small but solid improvement. 

Strong sales in October have put northern Wisconsin’s housing market ahead of where it was last year. 

Though sales had been lagging behind 2013 numbers, a burst of activity in October helped put the northern region about two percent over where it was at this time last year. 

Economist Dave Clark says more available housing stock is also helping other rural parts of the state do well. 

Home sales last month were similar to sales last September.  The latest numbers from the Wisconsin Realtors Association show a half a percent increase in September sales for northern Wisconsin.  Meanwhile sales statewide fell slightly by just two tenths of a percentage point. 

Economist Dave Clark says it’s good news that the market is keeping up with last year’s strong sales. 

Home sales were up last month for the first time this year.  According to the Wisconsin Realtors Association, over 4 percent more homes sold in Wisconsin in June than in that month last year.

In the northern part of the state, that increase is a little higher – with sales up more than five percent. 

Housing sales for the year to date are still behind compared to 2013, thanks to five consecutive months of lower sales.

Economist Dave Clark says it’s a good time to see a turnaround. 

For the fifth month in a row Wisconsin’s housing market is looking sluggish compared to last year.

Numbers from the Wisconsin Realtors Association show statewide sales fell almost seven percent in May, compared to 2013.  In the Northern part of the state sales dropped by less than four percent, though the region has seen slower sales for 2014 as a whole.    

Marquette University Economist David Clark says the May numbers reveal that the weather hasn’t been the only factor dampening home sales this year. 

Home sales compared to last year dropped for the fourth straight month in April, with the trend more dramatic in the northern part of the state.

According to the Wisconsin Realtors Association…northern home sales in April were down more than 17 percent compared to April of last year.  Statewide the drop was almost 12 percent. 

CEO of the Wisconsin Realtors Association Mike Theo says even though it’s getting warmer…we’re still feeling the effects of a long cold winter.

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