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Wisconsin State Overview

Capital: Madison

Estimated 2004 population: 5,509,026

Change from 2000: +145,351

2004 housing units: 2,463,802

Housing units change from 2000-2004: +134,726

 

Top Wisconsin Cities

Wisconsin housing market prices increasing

In Outagamie County this year, according to Realtors Association of Northeastern Wisconsin's sales report, 1,399 homes sold, representing an increase of 12 homes over the same period of time last year.

A total of $224,554,815 of real estate was sold this year, which is an increase of over $2.5 million. The average sale price of a home also increased by $450 per home.

While the real estate market is experiencing unusual times, it is still a market that is full of opportunity and possibility.

Milwaukee housing market is in the middle of the pack for most expensive

The average cost of a 2,200-square-foot, four-bedroom home in the Milwaukee area is $324,750, according to Coldwell Banker's annual home price comparison index, which was released recently.

The Milwaukee home market is the most expensive in the state of Wisconsin and ranks 162nd out of 317 housing markets in the nation. In general, according to the index, the Milwaukee housing market is more expensive than most markets in the South and the Midwest, but is less expensive than most markets on the coasts.

Wisconsin has triple the number of homes for sale

More than 14,000 homes are for sale according to Metro Multiple Listing Service figures. These properties hit the market in this year's first four months in Milwaukee, Waukesha, Washington and Ozaukee Counties -- nearly three times the nearly 5,000 recorded sales.

Dan Buttery, president of Argus Investments, runs a Milwaukee-based real estate listing service called Inspected Homes for Sale. He says 90% of their listings reflect price cuts.

Source: Milwaukee Journal Sentinel, http://www.jsonline.com

Wisconsin’s The Triangle shows signs of slowing

Construction and sales of new homes slipped in the Triangle during the first quarter of 2007, according to a report by Houston-based housing information company Metrostudy, which doesn't see the area's home sales accelerating in the immediate future. But the Triangle market is in better shape to weather a slowdown than most, says Ed Dunnavant, director of Metrostudy's North Carolina division, because it hasn't fallen prey to the speculative investing that hit places such as Florida and the Sun Belt.
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