The home sales report for September 2013 was released today.
According to the WRA, sales of existing homes in Wisconsin were up 15.8 percent in September compared to that same month in 2012 — representing a 13.6 percent increase through the first nine months of the year.
Median prices posted similar gains, increasing a very solid 6.7 percent in September relative to September 2012 — an increase of 7.8 percent year to date compared to the first nine months of 2012. Home sales have now been up for 27 straight months and median prices have consistently grown in all but one of the past 19 months.
All regions saw their existing home sales grow by double-digit margins in September, compared to September 2012, with three regions increasing more than 19 percent, and the remaining three in the range of 11 to 15 percent. The areas with the strongest growth in September were the Central region, which was up 21.7 percent relative to last September, followed closely by the North and South central regions, which grew just over 19 percent for the period. The West region increased 14.9 percent; the Southeast grew at 14 percent, and the Northeast region increased 11.5 percent over the period.
Locally, in La Crosse County, the median price dropped to $144,750 from $146,500 last year at this time, but there have been more sales. Regionally, the median price is up as well as the number of sales.
The inventory has dropped from 12 months to nine as more buyers are entering the ring.