Home buyers didn’t let winter weather discourage them from Northwestern Wisconsin real estate during February. According to the latest sales data from the Wisconsin REALTORS® Association, median home prices moved higher on a year-over-year basis statewide, while a dearth of home inventory kept transaction volume down.
During February 2023, the median home sale price in Wisconsin reached $262,500, the highest median price of any February on record. About 3,184 home sales took place statewide, representing the fewest number of sales during any February since 2011.
In Barron County, February’s median home price reached $265,500, the highest of any February on record. Just 27 home sales took place during the month, with homes spending about 48 days on market. This a faster pace than February 2022, when Barron County homes spent about 71 days on market.
It is interesting to note that Barron County median home prices were higher than the median for Northern Wisconsin as a whole. The 18-county Northern region posted a median home price of $235,000 during February 2023, another high for any February on record. Meanwhile, transaction volume floated near lows not seen since 2010.
As the peak home buying season draws near, more homes are needed to meet buyer demand! If you have a Northwestern Wisconsin property you have been thinking about selling, this is a market you don’t want to miss.
Call us for your free home value or land value consultation! There is no obligation and no pressure. Six Lakes Realty is a locally-owned family business with over 45 years of experience. Contact us today for friendly, hometown service!
Six Lakes Realty
Office: (715) 924-4806