Home sales up in Wisconsin, prices down
MILWAUKEE (AP) — Statewide home sales rose nearly 11 percent in January, a typically slow period for the housing resale industry.
The Wisconsin Realtors Association says the year-to-year increase last month was boosted by a nearly 23 percent increase in activity in northeastern Wisconsin. While sales rose, the median price of a home in Wisconsin fell from about $128,000 to $119,000. Generally, prices are still lower than they were before the recession.
Marquette University economics professor David Clark consults for the Realtors Association. Clark tells the La Crosse Tribune that any significant improvement in the housing industry will depend on the state's ability to add jobs.
Feb 22, 2012 at 5:51 a.m.
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Feb 21, 2012 at 6:53 p.m.
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There still is a huge shadow inventory of bank foreclosures to come on the market, which is why experts are projecting home value declines for at least ten years. The worst part is that property taxes will continue to increase even though home values will be declining. This is an outrage!
Feb 21, 2012 at 4:36 p.m.
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12345678 - Probably time to check into a different realtor. Everyone has different tastes, but from what I have seen and comparing to when I bought my first two homes, there is some amazing deals out there. Obviously location has a big impact though too.
Feb 21, 2012 at 4:17 p.m.
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zdog...42 homes in price range$125,000.-$150,000.in Janesville I'm sure I've been in half in the last 3 weeks.Not one so far is in my opinion worth the $$.Realtor is also frustrated with the quality of homes that we have seen in that price range.If you have information on a home...Please,I be more than than thankful !!
Feb 21, 2012 at 4:12 p.m.
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12345....
If that is all they need is some cosmetic stuff be happy!
Do you know how many homes that are NOT for sale need updating ? It costs money and why do it when you sell when you wont have the same taste anyway?
Feb 21, 2012 at 2:34 p.m.
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It's completely a buyers market. There are houses in the $150,000 range that are immaculate. That same house 5 years ago would have cost you $180,000-$200,000. Sure, there are some that are still overpriced, but if you search properly, there are plenty of great deals. There's no comparison to what it was years back. Unfortunately, it's the farthest thing from a sellers market.
Feb 21, 2012 at 2:09 p.m.
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asking and selling price are different things and you can get a heck of a lot of house for 150K in rock county.
Feb 21, 2012 at 12:22 p.m.
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Home prices are great if you are a buyer ?? Not sure what or where you are looking at.I've been going to open houses and showings with my daughter,the houses are NOT worth what sellers are asking.When a buyer is looking at 125,00 to 150,000$ homes that are dated and need the basic upkeep done....Something is wrong.
Feb 21, 2012 at 12:04 p.m.
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Home prices are great in Rock county if you're a buyer :) Bought our home in '05, did about did about 40K in improvements and can't even get an offer on it for what we paid for it. But we don't have to sell either and will just keep it. Hopefully some of these foreclosures get eaten up quickly and home prices have a chance of coming up a bit.
Feb 21, 2012 at 11:19 a.m.
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Mine is down $63,000 since May of 2008.
Feb 21, 2012 at 11:08 a.m.
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That's the median. When I sold my mom's modest but well-kept ranch, I had to take about a 15% hit compared to what it had been appraised at a year earlier and that was more than $9k. Somebody somewhere might be getting what their home is really worth, but around here there are still so many foreclosures that are dragging the prices down that I suspect few people are getting what their home is assessed at if they have to sell (since assessors do not contemplate the effect of foreclosed properties, but the market does).
Feb 21, 2012 at 10:20 a.m.
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Multiply that drop by the one million private homes in Wisconsin, and it represents $9 billion in wealth vanished.
Feb 21, 2012 at 7:55 a.m.
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Yeah that 9,000 drop makes ALL the difference!
Feb 21, 2012 at 7:24 a.m.
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