The Wisconsin housing statistics are in for October of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:
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Wisconsin’s home sales rose significantly in the month of October, and median prices continued growing at a solid rate, according to a recently released analysis of the state’s housing market by the Wisconsin REALTORS® Association (WRA). Existing home sales in October 2014 were 9.6 percent higher than October 2013 while median prices were up 4.2 percent over that same period, growing to $148,000. “This was a strong bounce in home sales in a month where sales activity is typically winding down as we approach winter,” said Dan Kruse, chairman of WRA board of directors. “In fact, this is the strongest October sales we have seen since 2005 when the WRA began using the current data collection system.” Kruse said. Median prices continued to rise statewide in October, growing at a 4.2 percent annual pace. On a year-to-date basis, home prices in Wisconsin were up 2.5 percent compared to the first 10 months of 2013, which more than outpaces the annual national inflation rate, which stood at 1.7 percent as of September.
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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 Dane & Rock County's home prices increased significantly. On a year over year basis, Dane County home prices were up 3.7% and Rock County prices are up 13.8%!
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.
Housing Statistics for the State of Wisconsin:
October 2014
Home Sales: 6,366
Median Home Price: $148,000
October 2013
Home Sales: 5,748
Median Home Price: $142,000
Housing Statistics for Dane County, WI:
October 2014
Home Sales: 501
Median Home Price: $225,000
October 2013
Home Sales: 517
Median Home Price: $216,796
Housing Statistics for Rock County, WI:
October 2014
Home Sales: 206
Median Home Price: $122,950
October 2013
Home Sales: 165
Median Home Price: $108,000
View my report from last month. Wisconsin September 2014 Housing Statistics
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