The Wisconsin Realtors Association submitted a press release today detailing some positive news about the 3rd quarter real estate market in Wisconsin. In comparison to many parts of the country, Wisconsin’s real estate market is still going strong. Although there is no question that the number of home sales per quarter has decreased when compared to the last few years, the actual median price of homes has still continued to rise. It actually rose by 2.4% compared to that of the median price in the 3rd quarter of 2006. When comparing home sales to the third quarter of last year, the numbers are not as attractive with the total number of house sales dropping by 9.8% in the state of Wisconsin. This is far better however than the national decline which had a significant drop of 13.7% for the same time period.
With interest rates remaining very favorable at 6.38% for a 30-year fixed and Wisconsin real estate still proving to be a positive investment, there is no reason to hesitate when considering home ownership in the Madison and Middleton areas. If you would like more information about this Wisconsin Realtors Association press release or to discuss the very stable Madison and Middleton real estate market, please give me a call.