The National Association of REALTORS’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-4.6%). The decline in this price range points to the lower inventory of distressed properties available for sale and speaks to the strength of the market.
Every other category showed a minimum increase of at least 4.6%, with sales in the $250,000- $500,000 range up 15.2%!
It’s great news locally as well, according to the Wisconsin REALTORS® Association, more Wisconsin homes sold in the first quarter of 2016 than any first quarter since 2007.
Looking at the graph, it is easy to see that homes are selling. People are using the equity in their homes to move on and up with ease. If you have thought about moving, contact your Shorewest, REALTOR® to price your home appropriately for the best results! #ShorewestRealtors #SellingMyHome #HousingMarket
Source Credit: Keeping Current Matters