Housing Market Ends Strong in 2014
The Wisconsin housing statistics are in for this December of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:
The housing market ended 2014 on a strong note with both existing home sales and median prices higher in December, according to the most recent analysis of the state’s housing market by the Wisconsin REALTORS® Association (WRA). Home sales in December rose by 2.1 percent compared to December 2013, and median prices rose 4.3 percent to $145,000 over that same time frame. For the year, home sales in 2014 were slightly below a very strong 2013 market, down just 1.5 percent; but prices were higher in 2014, up 3.1 percent to an annual statewide median of $148,000.
“Despite a slow start due to harsh winter weather early in the year, 2014 rebounded nicely and ended with an excellent December and a very good final quarter of the year,” said Dan Kruse, chairman of WRA board of directors. Kruse noted the fourth quarter of 2014 was the strongest since 2005.
Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Dane County, and Rock County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. This month both Dane & Rock County's home prices increased significantly. On a year over year basis, Dane County's total number of homes sold was up while Rock County home sales slipped.
Thinking of purchasing a home before prices or rates rise any further? I'd be happy to show you any homes currently listed for sale. Feel free to visit either site below:
Real Estate Listings in Janesville, WI
Real Estate Listings in Madison, WI.
With the recent home price increases, now might be the right time to sell your Wisconsin home. Take advantage of your increased equity! Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:
What's My Wisconsin Home Worth?
Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our distressed property page for more information.
Wisconsin Short Sales
Housing Statistics for the State of Wisconsin:
Home Sales: 4,778
Median Home Price: $145,000
Home Sales: 4,663
Median Home Price: $139,000
Housing Statistics for Dane County, WI:
Home Sales: 466
Median Home Price: $220,170
Home Sales: 442
Median Home Price: $202,250
Housing Statistics for Rock County, WI:
Home Sales: 131
Median Home Price: $116,250
Home Sales: 147
Median Home Price: $110,000
View my report from last month. Wisconsin November 2014 Housing Statistics