September 2013 Home Sales Report

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.

state wide blog

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.blog sept 2013

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.

Weekly links: Aug. 12

Here’s what we’ve been reading:

From our blog:

Must read/see:

From La Crosse Fine Homes Pinterest:

We hope everyone has a great weekend and if you have any suggestions, comments or questions, contact us!

La Crosse Fine Homes Group of Keller Williams Realty

La Crosse County homes sales increase in June

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)
2007 78 67 116 126 129 136 1204
2008 45 89 92 107 129 122 1119
2009 38 53 61 97 108 163 1126
2010 41 45 107 130 140 133 1024
2011 39 36 68 81 90 108 916
2012 63 57 83 105 118 133 1216
2013 79 59 120 118 151 171 773

Median home prices:

Jan Feb Mar Apr May Jun YTD
2007 137800 135000 135400 141250 150000 142450 140000
2008 136500 136800 139000 149155 151000 159750 145000
2009 141950 138000 125000 134500 129500 138900 137000
2010 137500 140000 139900 137500 127100 145000 138000
2011 125000 122500 134500 127500 137250 141250 140000
2012 130000 130000 137000 127000 152250 145000 145500
2013 148900 128500 138525 147750 139000 154900 144900

Here’s a look at the region:

west housing

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.

La Crosse Fine Homes Group of Keller Williams Realty