We hope everybody’s Monday is going great.
The La Crosse Fine Homes Group was delivered good news in terms of housing numbers as the the Wisconsin REALTORS Association released the June 2013 housing statistics for the state.
La Crosse County had a busy month. Home sales skyrocketed while the median home price continued its up-and-down trend, but it’s all good news as the housing market is recovering.
All regions of the state saw healthy growth in home sales through the first six months of 2013 over last year. The regions with the strongest growth were the South Central, up 15.7 percent; the West, up 13.4 percent (that’s us!); and the Southeast, up 12 percent. Growth in the other three regions was also solid, ranging between 9.9 percent for the Central region and 7.3 percent for the Northeast region, to 6.9 percent in the North.
Specifically, June was a busy month for home sales in La Crosse County, which is usually how it is, but compared to last year, real estate agents were taking care of business in 2013. Not even the rainy months of March and April stopped buyers from getting out in the market.
As far as Monroe, Trempealeau and Vernon counties, numbers have been business as usual.
Here’s a look at La Crosse County:
Number of home sales
|Jan||Feb||Mar||Apr||May||Jun||YTD (2013 through June)|
Median home prices:
Here’s a look at the region:
According to the WRA’s press release, Wisconsin home sales rose an 11.4 percent in the first six months of 2013 compared to last year. In June alone, Wisconsin home sales were up 3.1 percent relative to last June, posting the 24th straight month of positive sales growth in the state. Median prices also continued to increase year-to-date, rising 7.7 percent to $140,000 compared to the first half of 2012. In June, prices were up 12.3 percent to $159,500 compared to June 2012.
The high prices aren’t a bad thing for affordable housing, as homes in Wisconsin remain a good value. The Wisconsin Housing Affordability Index (HAI) showsthe percent of the median-priced home that a buyer earning the estimated median family income can afford to buy, assuming current mortgage rates and a 20 percent down payment. In June, the index was at 214, indicating that a household with median family income of $63,100 can afford to buy 214 percent of the median priced home of $159,500. This is down from 239 in May and significantly below its peak of 292 in January of this year.
Were you one of the recent home sellers/buyers?
Have a great week and give us a follow on Facebook, Twitter or Pinterest to keep that boredom away.