Wisconsin’s red-hot real estate market cooled in October, with sales of existing homes nearly identical to October of last year, according to the most recent housing report issued by the Wisconsin REALTORS® Association.
For the full report, click here. We are going to break down the West Region.
In La Crosse County, sales for the month were down about 15 percent from 2012. Overall, home sales were flat across the western region.
It’s the second time in three months La Crosse County has seen sales drop. August sales were down 14 percent from 2012, though September sales rebounded strongly. The slow rise of home interest rates might be why. Interest rates on 30-year home mortgages reached 4.49 percent in September, more than a full percentage point higher than in January. But rates dropped again in October to an average of 4.19 percent.
But all of this doesn’t mean there aren’t plenty of reasons to buy or sell.
There are still plenty of homeowners listing their homes and plenty of buyers looking to move. Year-to-date sales in the state are 12.4 percent higher than the first 10 months of 2012.