Home sales in Wisconsin fell sharply in September, dropping 12 percent relative to September
2017, according to data released by the Wisconsin REALTORS Association.
A continued shortage of available properties has caused a year-to-date decline in sales of almost
3 percent compared with 2017. Home prices have increased statewide by nearly 7 percent, though
the upturn in Dane County has been slightly less, with prices increasing only 3 percent over the
While new construction hasn’t quite kept up with demand, a new report from the Wisconsin Policy
Forum shows a jump of almost 2 percent in new construction for Dane County — a trend that will
hopefully help to provide buyers with more options.
The data indicates strong economic growth in the area. Development and property values have
returned to pre-recession levels, with countywide property values increasing more than 20 percent
in the last decade.
Although housing in Wisconsin remains affordable by national standards, a recent rate increase by
the Fed has pushed mortgage rates up by more than three quarters of a percent since September
2017. With more rate hikes expected, working with a highly qualifi ed professional from Restaino &
Associates, Realtors is the best way to secure your next home in this tight market.