I received the January statewide home sales stats. The good news is the medium home price increased by 6.5%! However, overall statewide, home sales were down 3.7% from 2014. More locally, Winnebago, Outagamie, Brown counties, the sales numbers reflected a 12%-18% decline from January 2014. Trends also show home ownership at its lowest point in over 20 years.Millennials are not buying houses like their parents used to.
Keep in mind, typically this time of year is not great for home sales. Activity and sales tick up by March and are in full swing by June. If you are considering putting your house on the market this year, the sooner the better. You want to be there when the buyers are there. You don’t want to be chasing the buyers or the market.
OK, that’s about it for this date.