The numbers are in...and the news is good if you are selling or purchasing a home. Wisconsin home sales continued to grow at a healthy pace during the first half of 2012. Sales of existing homes were up 19.3 percent in June over June of last year, according to the most recent monthly report by the Wisconsin Realtors Association. This continues a pattern that began last summer.
Since the beginning of the year, home sales were up 20.6 percent. The report also showed June median home prices increased 1.4 percent to $142,000 relative to the same month last year which is the fourth straight month of increasing median prices.
Closer to home on the near west side of Madison we are seeing similar trends. Some homes in the Westmorland area are receiving offers within days of being listed. Also, for the first time in recent history, inventory is down. While it's still a buyers market, those buyers are finding fewer choices. We also continue to see the most sought after homes in the $200,000-$250,000 price range.
It's a fabulous time! If you are thinking of buying or selling...jump in, the water's fine!
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