The Barron County real estate forecast: hot! June brought a sizzling summer of home sales with 116 transactions for the month. According to data from the Wisconsin Realtors® Association, this is the highest number of Barron County home sales transactions for any month, going back to 2007.
Home sale prices are up, too! The median home price in Barron County in June was $178,000. This is the highest median home price for any June on record. The only month on record with a higher median price was August 2019, which reached $178,013.
Barron County homes are also selling relatively quick, spending an average of 61 days on market this spring, according to data from the National Association of Realtors®.
Meanwhile, mortgage interest rates have set new record lows week-over-week, which has galvanized home buyers. As of July 16, 2020, Freddie Mac reported mortgage interest rate averages of 2.98% for a 30-year fixed-rate mortgage. This is the lowest rate environment Freddie Mac has ever recorded in its five decades of industry tracking.
This market has room to run, and it holds good opportunities for both Barron County home buyers and sellers! Buyers, we have a wide variety of Northwestern Wisconsin real estate for sale, from starter homes, to lake homes and buildable acreage. Contact us for help with your home search, and for detailed information about any listing!
Sellers, with home demand running strong and buyers coming from everywhere, this is a market you don’t want to miss! Contact us for your free home or land valuation! There is no obligation.
Six Lakes Realty offers the very best in real estate guidance! We are a locally-owned family business with over 40 years of experience. Our friendly, hometown service is just a call away!
John Flor CRS, GRI, ABR, RSPS, RRS, e-PRO
Team Lead / Property Marketing Specialist
Six Lakes Realty powered by Keller Williams Realty Diversified
Office: (715) 924-4806
Email: john@sixlakesrealty.com
