Early Wisconsin Home Sale Statistics, Madison home sales lag state

Here are the figures for Wisconsin and South Central Wisconsin which includes Madison and Dane County.  (Source WRA)

Wisconsin, Median Price:   Feb 2011    $117K       2010  $135K        -13.3%     

South Central (incl Madison)                $124 .9K             $145K        -17.2%

Over a year, Feb to Feb,  Home sale prices fell 17% in SCW, even more than the Wisconsin average.    

Home sales were down 5.5% in Wisconsin,   But down 13.2% in Madison’s SCW region.

These declines are amongst the highest home sale statistics in the State in most part because the rest of the state has seen greater declines in previous years and Madison is just catching up.  There is also the fact that the area may have been more inflated in the first place. 

Either way, with low interest rates, it is still a very affordable time to make an investment in a home.   Afford-ability of homes has never been better (see graph)

While you are at it, try out our latest home search technology.   Search homes for sale Madison Wi

RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams.  In order to provide more specialized service, Guy selected a team of specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at State Realtor Conventions. 

Get a chuckle. Watch Real  Estate Guy video. 30 seconds Search all area homes for sale Madison Wi  RealEstateGuy.  Madison Wisconsin