That wasn't so bad, was it? Winter 2015-16 barely made a blip on south-central Wisconsin's radar. So into March we go without having the typical task of shaking off the winter-time blues. We can collectively head into spring with a positive outlook because there doesn't seem much in the weather department for us to be pessimistic about. Same is true in the real estate industry. Conditions are good!
As an effective indicator, January 2016 saw an uncharacteristically robust year-to-year growth in housing. This was marked by national increases in median list price (up 8%) and the 100-day rate homes sold on the market (up 4%). This could be the most successful spring and summer the real estate market has experienced since 2006. We must keep a close eye on inventory, though. With an anticipated increase in buyers, the number of houses on the market needs to sway higher to offer potential new homeowners more satisfying choices. Smart Buyers should be looking now.
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