Sales in March throughout the state of Wisconsin sprung 16.1% compared to March 2014 while the median price rose 8.8%. Both of these statistics have resulted in a shortage of inventory throughout Southwest Wisconsin. While the state saw a huge increase, locally Grant County saw a decrease of 4.2% in sales while Lafayette remained the same. The median price in Lafayette remained unchanged while Grant saw a very slight decrease resulting in a median price of $114,900.
According to the Wisconsin Realtors Association 27.1% of homes are sold between March and May. March in southwest Wisconsin was a little slower; however we have already seen a substantial increase in business in April. Part of the increase in sales can be credited to the decrease in the statewide unemployment rate which was 4.6% in March and the lower fuel prices. Mortgage rates also dipped to their lowest point since June 2008, making home affordability more achievable. First quarter foreclosures were down as well. All of these factors show signs of a very successful 2015 selling season.
As the market begins to heat up, we have four agents that are willing to help you find the home of your dreams or make the sale of your current residence a reality. If you feel overwhelmed with the home search, let our agency do all the work. We can set you up on a home search that meets your criteria (budget, area, number of bedrooms, etc.), and will send you an e-mail every time something is listed. This eliminates the countless hours of having to scour the internet for listings. It also allows you to work with one Realtor. Real estate is often about building trust and relationships.
With the shortage of inventory, now is a perfect time to list your home. Here are a few tips to consider when picking an agent:
- Talk with our recent customers and clients. We pride ourselves on referrals and are willing to give you references & testimonials
- Look up the licensing. Not all Realtors are part of the Multiple Listing Service. Today most of real estate transactions start with some internet based transaction. By not utilizing this service you are not reaching out to all potential buyers
- Pick a winner. Choose one Realtor and stick with them thru the process: Research how long the agent has been in the business and look at their current listings and how they advertise
- Not all agencies have the ability to negotiate commission make sure you do research on different agencies and their charges for their services.
Call us if you need a home buying or selling consultation!