Home Sales Up, Prices Down

10/18/11 – Sales of existing homes in Wisconsin rose by 18% in September compared to the year before. But state Realtors said the median price of a home dropped by 1.5% percent, to $134,900. According to a numbers released yesterday, realtors sold about 4800 houses throughout the Badger State last month. There were 68 homes sold in Dodge County compared to 57 at the same time in 2010, that’s a nearly 20% increase. But sellers got 6.3% less for their home than they did a year ago as the median price dropped from $107,500 to $100,700. There were three more homes sold in Columbia County last month compared to 2010 and the value dropped by about $32,000 to $128,000. In Jefferson County, there was a 13% increase in homes sold, while the median price held steady at $157,000. Conversely, home sales in Washington County were up 1%, while the median price jumped nearly 10-percent to $184,000 last month compared to 2010. Fond du Lac County saw an 11% increase in homes sales and a 8.5% drop in home values. Officials said the jump was due to lower-than-normal sales a year ago, caused by the expiration of a huge federal tax credit for home-buyers earlier in 2010. Mike Theo, president of the Wisconsin Realtors Association, said too much stock should not be taken in a month’s worth of data. But he was happy to see a slower decline in home prices. New listings with Realtors are down 17-percent from a year ago, and the inventory of unsold homes remains high.