The NW Wisconsin real estate market hit all-time high average sales price of $277,000 in August, a 17% jump from the same time period in 2020. Buyers are continuing to compete for properties at all price points and sellers are eager to take advantage.
Despite favorable conditions for sellers, market inventory continues to remain low throughout this extended up-cycle. Total active listings are down 21% from a year ago.
Of course, the market will remain friendly to sellers as long as demand remains so high, and so far this is continuing into the fall season.
As long as pricing remains this high and closings occur so soon after listing, sellers will continue to enjoy this sales atmosphere. Whether enough homes will be put up for sale to help balance the market, that’s an entirely different question.
If this has you thinking about selling, contact Jean to start the selling process.