Six Lakes Realty

Barron County Real Estate Market is Still Hot

There’s an expression that goes, “Good things come to those who wait.” You shouldn’t wait too long if you’re buying a home in Barron County! Wisconsin home sales roared into autumn, with September 2020 sales volume up 18.1% compared to September 2019. The median home sale price statewide rose to $229,900.

In Barron County, September 2020 home sales were the most active of any September on record, with 118 residences changing hands. The median home sale price in Barron County reached $208,928 in September, which is the highest for any September on record.

The pace of home sales is starting to slow, with days-on-market trending around 74. However, this could be due to some higher-priced homes on the market, which take longer to sell.

There are a couple things helping our real estate market. First, our statewide economy is doing better than the national average. In September, the WI unemployment rate was around 5.4%, compared to the national rate of 7.9%. At the same time, mortgage interest rates set new lows. This has helped keep home buying within reach, even as home prices rise.

But unless we see a good rise in the number of Barron County homes for sale, buyers shouldn’t expect bargains. We typically see prices soften a little during the last 8 weeks of the year, but 2020 has been anything but normal!

If you are looking to buy a Barron County home, call us now to get the latest market info and a personal referral to local lenders. 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

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