Yes, it is closer to 2014 then last month, but the November 2013 Wisconsin housing stats just came out!
Here are the state’s numbers:
Compare that to the West region:
More specifically, here is the La Crosse County home sales report for November:
There are plenty of homes on the market. Feel free to see for yourself and give us a call!
Wisconsin home sales fell 6 percent in November 2013 when compared to November 2012, although total sales for the year remain ahead of 2012, according to the latest housing report by the Wisconsin REALTORS® Association (WRA). Comparing the first 11 months, home sales were up 11.1 percent in 2013 over 2012. Prices were also higher in November, rising 4.7 percent above the same month last year, to a statewide median of $136,000.
It could be due to higher mortgage rates, steady rising home prices, or a heightened uncertainty of federal fiscal and health care policies as potential factors for the cool down. The combination of a short-lived partial federal government shutdown in October and continued uncertainty associated with anticipated health care expenses may have kept some potential buyers on the sidelines in November.
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.
Buying a house always comes with more spending than just the house itself. You have the inspections (home, mold, termite, asbestos, roof), you have the real estate agent fees (depending on the commission agreement set up with your buyers agent) and closing costs, plus all the things you want to do once you move in, like paint, carpeting and appliances.
Closing costs have climbed 6 percent in the past year, according to a new survey by Bankrate.com. On a $200,000 single-family loan, borrowers with great credit who are making a 20 percent down payment are paying $2,402, on average, in closing costs nationwide.
But closing costs vary greatly from lender to lender as well as from state to state.
The states with the highest average closing costs, according to Bankrate’s survey:
South Carolina: $2,658
New Mexico: $2,566
Meanwhile, the states with the lowest averages in closing costs are:
The survey excludes taxes, property insurance, title fees, interest, association fees, and other prepaid items.
Any time a cost can minimized, it is a good thing!