The Wisconsin Realtors Assn. reported that Wisconsin home sales fell in October but prices remained stable. Since January the median price was down just 0.9 % while existing home sales were off by 6.9 %.
When comparing October 2010 to October 2009 the findings show that home sales were down 36.3 percent while median prices remained unchanged at $140,000.
In Sawyer County we experienced a 15.5% increase in median price from a year ago; October 2010 prices were $167,500 versus $145,000 in 2009. However, our sales dropped by 31.4%; we sold 24 homes this October compared to 35 in October of last year.
Sawyer did well comparatively to our region which saw a decline in sales of 40.4% and just a 9.7% increase in median sale price.
Part of the drop in homes sales is undoubtedly due to the fact that we had two federal home buyer tax credit programs going on last year which most likely inflated the number of buyers in 2009.
Home buyers remain somewhat uncertain but they continue to be in a favorable position considering high inventories, fairly stable prices and historically low mortgage rates. Our office has had a flurry of business this fall with quite a bit of activity in the pipeline.
Have a very Happy Thanksgiving; please drive safe and enjoy the holiday.
Life is a Gift…Live It!
Gary Nathan
Amanda Mavis
Woodland Development & Realty
15563 Railroad St.
Hayward, WI 54843
715-699-4040
nathan@garynathan.com
http://www.garynathan.com/
