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Even with Tight Inventories, Winter Home Sales Hit New Record

Posted: 03.20.18

Madison, WI - Winter is typically the slowest season for home sales in Wisconsin, but this winter has been a record, including a 10.8% increase in sales in February compared to 2018 in our region.

“Inventory continues to be extremely low, but demand is so high that we’ve actually seen an increase in sales this year versus last year in the West region,” said Brenda Barnhardt, REALTORS® Association of Northwestern Wisconsin Executive Vice President. 

In addition to the number of sales, the median price of home sales also increased in our region compared to February of last year, according to the most recent analysis by the Wisconsin REALTORS® Association. Dunn County saw a 150.0% increase and Jackson County saw a 44.4% increase.

According to the WRA, statewide, median prices rose 7.4 percent over past 12 months and are up 14.4 percent over the past 24 months. Strong demand and tight supply are why prices have gone up so quickly the last couple of years.

“We’re in a seller’s market, so as spring approaches it is important to work with an experienced REALTOR® to make sure you are getting the best price, as both a seller and a buyer,” said Dan Lawler, RANWW Board President. 

The REALTORS® Association of Northwestern Wisconsin is the professional trade association that all professional REALTORS® residing within the association jurisdiction belong to. The association provides educational opportunities for its members, is active in local, state and national advocacy efforts, engages in community outreach through charitable giving, operates its own private foundation to help homeowners in need and remains a positive force for the members they serve.

 

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