Wisdom and South Central Wisconsin Real Estate information

Posts tagged ‘Real estate pricing’

WRA posts new report and sales and median homes sale price are up over last year with 21 months of sales growth.

Frank loyd wright

Frank loyd wright (Photo credit: Aikaterini Koutsi Marouda aka kotsifi)

The Wisconsin Realtors Association has released a new real estate market update.

Press Release and Report

MADISON, Wis. –Wisconsin existing home sales increased 3 percent in March, which is the 21st straight month of sales growth. Median prices grew 9.7 percent to $134,900 in March, compared to the same period last year, according to statistics released by the WRA. Sales during the first quarter were up 10.8 percent, and median prices rose 5 percent relative to the first quarter of 2012. 

Read the report at https://www.wra.org/HSRMARCH2013/



Inventories have decreased on the lower priced larger ranches in Stoughton.

English: for sale sign

English: for sale sign (Photo credit: Wikipedia)

The market analyzed was 1 story homes between 8 and 40 year old, larger than 1,400 sq. ft above grade in Stoughton. All of the lower priced inventory has been sold leaving all active listings priced above sales. There is currently 5 homes for sale in this market listed between $234,900 and $349,900. There is 8 months of inventory of homes in the Stoughton. The average sale price was $185,362 and the median sale price is $188,450. The odds of selling a home in this market is 13%. The average days on market was 42 and the median was 38 days. The average list price was $226,861 and the median list price was $224,900.

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