Madison Area Real Estate News

Existing home sales were up almost 14% compared to last August, closing out a very strong summer for Wisconsin real estate sales. Median prices also gained traction with a 6.3% rise during the past year. This is the 26th month of home sale gains in Wisconsin. “This has been a very strong summer for home sales, which is important for states like Wisconsin where there are strong seasonal sales patterns,” said Steve Lane, broker with First Weber Group and the new Chairman of the WRA board of Directors. All regions of the state were up. Southeast Wisconsin/Metro Milwaukee real estate statistics Sales up 14.5%, Median sales price up 6.6% South Central Wisconsin/Madison area real estate statistics Sales up 18.4%, Median sales price  up 10.2% Northeast Wisconsin/Fond du Lac/Appleton area real estate statistics Sales up 9.9%, Median sales price up 1.9% Central Wisconsin/Wausau  area real estate statistics Sales up 23.2%, Median sales price down 3.8% Northwoods Wisconsin real estate...

Wisconsin REALTORS® Association, News,  July 22, 2013 Wisconsin home sales rose an impressive 11.4 percent in the first six months of 2013 compared to last year, according to recent statistics compiled by the Wisconsin REALTORS® Association (WRA). In June alone, Wisconsin home sales were up 3.1 percent relative to last June, posting the 24th straight month of positive sales growth in the state. Median prices also continued to increase year-to-date, rising 7.7 percent to $140,000 compared to the first half of 2012. In June, prices were up 12.3 percent to $159,500 compared to June 2012. According to WRA numbers, sales for the most recent six-month period are up 33.1 percent over the first half of 2011—an increase of more than 8,700 additional home sales. Moreover, construction of new homes is showing signs of solid improvement as well. "The rebound in building is a very positive sign for our markets in Wisconsin," said Renny Diedrich, WRA board chairman. Unique foreclosu...