Dodge County Home Sales Buck Statewide Trend

8/23/17 – Wisconsin Realtors sold five percent fewer houses in July than the same month last year, and they blame it on a continued drop in the numbers of homes for sale. The Realtors Association says its members sold almost 8200 existing homes last month, 430 fewer than one year ago. The statewide inventory of one and two family houses, plus condos and townhouses, dropped 14-percent to around 39,600. The lower supply drove up prices by ten-thousand dollars both for last month and the year as a whole — and the average July selling price was 180-thousand dollars, as buyers paid six-percent more than the previous year. In Dodge County, there were 125 home sales last month compared to 98 last year, while the median sales price was up five-percent to $150-thousand dollars. Columbia County had 13 fewer sales in July compared to 2016 with 81 reported and a median sales price up 11-percent to $190-thousand dollars. Jefferson County homes sales were at 124, down ten from last year’s July but the sales price was up 11-percent to 180-thousand dollars. Fond du Lac County had 63 less homes sales last month than last July with a total of 114 sold and a median sales price of 143-thousand dollars, up 2.6-percent. Realtors’ board chairman Erik Sjowall says low unemployment and mortgage rates kept the demand high, but the lower inventories kept sales down.