2017 is off to a great start! January put out strong home sales in the state of Wisconsin. 2017 home sales were up 1.6% from January 2016. BUT. This growth rate is lower than the 5.9% sales growth throughout the whole 2016 year. As home prices in January continued to rise, so did the median sale price. It actually increased to $158,000. Pretty good, right?! The common consensus is that this will last throughout 2017. Maybe not as high of a growth in home sale prices, but very similar in home sales.
Mortgage rates are rising, but are still pretty low. Unemployment is still low for Wisconsin, about 4%. And finally, the number is homes for sale is still low. What do all three of these things mean? It means, IT’S A SELLERS MARKET.
Thinking about selling your home? Know a neighbor who is thinking about selling their home? Call me. I’d be more than happy to tell you what your home would sell for in today’s market. Maybe I already have a buyer waiting too?