Date: 2/11/2010 For Release: Immediately For More Information Contact: David E. Clark, Economist C3 Statistical Solutions Inc. Office phone: 414-803-6537 or William Malkasian, President Wisconsin REALTORS Association Office phone: 608-345-9004 HOME SALES RALLY IN THE FOURTH QUARTER TO KEEP WISCONSIN HOUSING MARKET STABLE Madison - Home sales in Wisconsin rallied in the fourth quarter after steady improvements throughout the year, bringing final 2009 existing home sales back to their 2008 levels, according to the year-end analysis of home sales conducted by the Wisconsin REALTORS Association (WRA). At the same time home prices were down by modest margins, as they were in much of the Midwest, but down much less than in other parts of the country. In the end, Wisconsin home sales in 2009 were unchanged from 2008, said WRA President William Malkasian, but it was really a tale of two halves. The first half of the year was down significantly compared to 2008, and the second half of the year grew at a very healthy rate. According to the REALTORS report, fourth quarter home sales in Wisconsin were 25.6 percent above the same quarter in 2008. Malkasian explained this was due to several factors including favorable interest rates and the federal first-time home buyer s tax credit. Mortgage rates remained at historic low levels, just under 5 percent in the fourth quarter, and first-time home buyers were scrambling to get their homes closed when they thought the federal tax credit was expiring at the end of November 2009, Malkasian said. With sales improving each quarter last year, the general trend for the future is favorable, he said, but cautioned, While the recession is probably officially over, we really need to start seeing healthy job growth before the economy truly starts to recover. Unemployment stood at 8.7 percent in December, and Wisconsin seasonallyadjusted employment dropped by nearly 120,000 jobs in 2009. State median home prices fell 7.7 percent to $143,000 in 2009 as compared to 2008. This is in line with the Midwest region, where median single-family home prices fell 5.3 percent over the year, and it is better than the decline of 11.9 percent for the U.S. The West region of the U.S., which has been hit hard by heavy foreclosure activity, saw its median prices drop 18.7 percent in 2009 versus 2008. We do appear to be turning the corner in the state, with healthy inventories and moderating prices, said John Flor, chairman of the WRA Board of Directors. The extension of the federal first-time home buyer s tax credit and the expansion to include tax credits for existing homeowners should help entice buyers off the fence and into the market, Flor said. Flor noted these tax credits can only be taken on home sales with a contract by the end of April, and closing by the end of June. We hope this additional tax stimulus will supplement the improving market conditions to make 2010 a better year to buy and sell real estate in Wisconsin. The Wisconsin REALTORS Association is one of the largest trade associations in the state, representing more than 13,500 real estate brokers, sales people and affiliates statewide. Sales estimates for the states, broad national regions, and the U.S. are provided by the National Association of REALTORS, which seasonally adjusts quarterly sales figures. All county and regional sales figures and median prices within Wisconsin are compiled by the Wisconsin REALTORS Association and are not seasonally adjusted. ### 1
SUPPORTING DATA TABLES AND TALKING POINTS NATIONAL SALES COMPARISON BY REGION A comparison of regional sales performance as outlined in Table 1 reveals some key insights: Table 1: Growth Rates of in the US and Census Regions 2004-2005 Annual Growth Rates Quarterly Growth Rates for 2009 2005-2006 2006-2007 2007-2008r 2008-2009p Q1 Q2 Q3r Q4p United States 4.4% -8.5% -12.8% -13.1% 4.9% -7.5% -3.2% 5.0% 27.2% Northeast 5.0% -7.1% -7.4% -15.6% 2.2% -20.1% -9.1% 7.8% 33.6% Midwest 2.5% -6.6% -10.5% -14.9% 3.2% -14.7% -5.7% 4.3% 29.9% South 6.4% -5.1% -12.8% -16.6% 2.6% -13.1% -6.7% 4.8% 28.2% West 2.7% -16.8% -19.5% -1.3% 13.1% 24.7% 11.1% 3.5% 18.2% Source: National Association of REALTORS ; p preliminary estimates subject to revision, r=revised. Footnote: Data collected by the National Association of REALTORS (NAR) include single-family homes, condos and co-ops, as well as estimates of homes sold privately without the use of a REALTOR. NAR also accounts for areas in which MLS data is not reported. All 2009 reported by NAR data are considered preliminary and subject to revision in subsequent releases. Key points: The US and all four Broad Census Regions grew in 2009 as compared to 2008 with the US up 4.9 percent for the year. Among the Census regions, the most robust growth was seen in the West region, where sales were up 13.1 percent in 2009 due in large part to the brisk sales of foreclosed properties in that area. The Midwest was up a modest 3.2 percent in 2009 compared to 2008. Prior to 2009, the last year of annual growth derived from year-end sales of existing homes was 2005 for the US and all Broad Census regions. An analysis of quarterly growth patterns for 2009 reveals that the US and three of the four Census Regions experienced decline in the first two quarters of the year, and saw growth in the last two quarters. The exception is the West region which grew all four quarters, again due to high levels of sales activity on foreclosed homes. The US and Northeast, Midwest and South regions all experienced improvements in each of the subsequent quarters of the year. For example, the decline in US home sales in Q2 was just half the Q1 decline (3.2 percent in Q2 vs. 7.5 percent in Q1), and it rose by 5 percent in the third quarter and 27.2 percent in the fourth quarter. The US and all regions of the country were up by double digit margins in Q4 2009 compared to Q4 2008. MIDWEST SALES COMPARISON The home market in 2009 was up 3.2 percent in the Midwest, with most states experiencing modest to solid growth, and four states either flat or down compared to their 2008 levels. 2
Table 2: Annual and Quarterly Growth Rates of of Midwestern States 2004-2005 Annual Growth Rates Quarterly Growth Rates for 2009 2005-2006 2006-2007 2007-2008 3 2008-2009 Q1 Q2 Q3 Q4 Illinois 2.5% -8.3% -17.1% -23.6% 0.7% -21.7% -15.3% 1.7% 36.5% Indiana 6.0% 6.6% 0.6% -20.0% -11.7% -33.4% -16.9% -10.7% 17.9% Iowa 5.3% -0.4% -5.5% -21.0% 4.1% -11.9% 1.6% 4.1% 19.3% Kansas 6.1% -2.3% -7.4% -14.3% -6.5% -25.6% -17.1% -3.3% 23.0% Michigan -2.2% -12.6% -5.5% -9.7% 7.4% -5.8% 12.2% 11.6% 13.9% Minnesota -1.8% -14.5% -13.5% -3.6% 11.5% 5.0% 11.3% -2.6% 41.1% Missouri 0.8% -5.3% -8.6% -12.1% -2.6% -20.8% -12.8% 0.4% 22.9% Nebraska 3.5% -6.1% -4.9% -16.0% 12.3% -17.9% 5.1% 20.3% 45.8% North Dakota 9.0% -10.8% 2.1% -13.9% 5.6% -27.3% -16.1% 19.4% 39.3% Ohio 4.1% -4.0% -8.9% -8.4% 8.3% -3.8% -1.0% 13.5% 27.4% South Dakota 5.8% 0.0% 1.1% -11.9% 6.7% -21.4% -7.1% 12.2% 39.5% Wisconsin 5.1% -4.5% -10.8% -19.2% 0.0% -22.6% -10.5% 6.5% 25.6% Midwest total 2.5% -6.6% -10.5% -14.9% 3.2% -14.7% -5.7% 4.3% 29.9% Source: National Association of REALTORS ; p preliminary estimates subject to revision, r=revised. Footnote: Data collected by the National Association of REALTORS (NAR) include single-family homes, condos and co-ops, as well as estimates of homes sold privately without the use of a REALTOR. NAR also accounts for areas in which MLS data is not reported. All 2009 reported by NAR data are considered preliminary and subject to revision in subsequent releases. Key points: Annual growth in 2009 was up by double digits in just two states; Nebraska (up 12.3 percent) and Minnesota (growing 11.5 percent). Most states were up between 4.1 percent and 8.3 percent (i.e., Iowa, Michigan, North Dakota, Ohio and South Dakota), whereas two were flat (Illinois was up 0.7 percent and Wisconsin was unchanged). Finally, Missouri home sales fell 2.6 percent and sales dropped 11.7 percent in Indiana. Most states in the region mirrored the National and Midwest patterns when comparing the four quarters of 2009. Specifically, the growth in home sales improved throughout the year (i.e., Q2 compared to Q1, Q3 compared to Q2 and Q4 compared to Q3). All but three states saw some growth in Q3 and all states grew by double-digit margins in the fourth quarter, with 9 of the 12 states in the Midwest up by more than 20 percent. MEDIAN PRICE AND SALES VOLUME COMPARISON WITHIN WISCONSIN Summary information for the various Wisconsin regions for 2009 is shown in Table 3, and a summary table for the 4 th Quarter of 2009 is reported in Table 4. A full summary of annual existing home sales statistics are reported in Table 5 and a full summary of the home sales statistics for just the fourth quarter of 2009 are summarized in Table 6. Table 3: Wisconsin Annual Activity by Region Region 2009 2008 % Change 2009 2008 % Change Southeast $157,000 $174,000-9.8% 19718 19429 1.5% South Central $165,000 $175,000-5.7% 10878 10381 4.8% West $132,000 $140,000-5.7% 6033 5862 2.9% Northeast $122,400 $129,900-5.8% 9354 9848-5.0% Central $115,000 $118,000-2.5% 3413 3339 2.2% North $118,000 $129,000-8.5% 4355 4420-1.5% Source: WRA. Beginning with this release, all Wisconsin data at the county and regional levels have been derived using a new system that accesses the raw data of participating MLS s throughout the state. This was done so as to more accurately compute median prices, and more completely measure sales activity in counties in which there are multiple MLS s covering the county. Thus, all 2008 and 2009 data used in this report have been re-benchmarked using this system. Historical data reported on the WRA website will be updated to incorporate this new system over the next three months. Historical data on the website are currently not comparable with sub-state data in this report.
Key points: Home sales grew in four of the six regions of the state in 2009 compared to 2008. The strongest home sales were in the South Central region, where existing home sales grew 4.8 percent. However, two regions saw their sales volume decrease in 2009, including the North region (-1.5 percent) and the Northeast region (-5.0 percent). All regions of the state experienced a reduction in median prices, with the largest declines in the Southeast region (-9.8 percent) and the North region (-8.5 percent). The other regions fell by 2.5 percent to 5.8 percent. It is important to note that the initial version of the federal tax credit program likely changed the mix of homes that sold in 2009 because it applied to first-time buyers only. Thus, the homes that sold in 2009 were more likely to be starter homes that are less costly than the typical 2008 home sold in the state. Table 4: Wisconsin Fourth Quarter Activity by Region Region Q4 2009 Q4 2008 % Change Q4 2009 Q4 2008 % Change Southeast $154,900 $160,000-3.2% 4983 3919 27.1% South Central $157,000 $162,000-3.1% 2546 1907 33.5% West $128,940 $130,000-0.8% 1501 1159 29.5% Northeast $120,000 $127,000-5.5% 2401 1858 29.2% Central $117,000 $110,000 6.4% 885 712 24.3% North $119,450 $124,500-4.1% 1193 1001 19.2% Source: WRA. Beginning with this release, all Wisconsin data at the county and regional levels have been derived using a new system that accesses the raw data of participating MLS s throughout the state. This was done so as to more accurately compute median prices, and more completely measure sales activity in counties in which there are multiple MLS s covering the county. Thus, all 2008 and 2009 data used in this report have been rebenchmarked using this system. Historical data reported on the WRA website will be updated to incorporate this new system over the next three months. Historical data on the website are currently not comparable with sub-state data in this report. Key Points: Home sales rose substantially in the fourth quarter in every region in the state, with the growth ranging between 19.2 percent in the North region to 33.5 percent in the South Central region. Median prices were down by modest margins in four of the six regions of the state. The largest decline was the Northeast region where median prices fell 5.5 percent. Median prices were flat in the West (-0.8 percent) and they rose 6.4 percent in the Central region. 4
Table 5: Wisconsin Annual Comparison 2009 vs. 2008 totals* Region County 2009 2008 % Change 2009 2008 % Change Southeast Kenosha $142,500 $159,000-10.4% 1439 1620-11.2% Southeast Milwaukee $127,500 $149,900-14.9% 8690 7995 8.7% Southeast Ozaukee $220,750 $238,000-7.2% 828 849-2.5% Southeast Racine $137,000 $154,900-11.6% 1790 1819-1.6% Southeast Sheboygan $125,000 $136,000-8.1% 936 1034-9.5% Southeast Walworth $168,500 $182,900-7.9% 950 983-3.4% Southeast Washington $179,900 $198,000-9.1% 1323 1310 1.0% Southeast Waukesha $227,050 $240,000-5.4% 3762 3819-1.5% Southeast Regional Total $157,000 $174,000-9.8% 19718 19429 1.5% South Central Columbia $144,000 $156,500-8.0% 558 420 32.9% South Central Crawford $112,000 $129,950-13.8% 59 62-4.8% South Central Dane $200,000 $215,000-7.0% 5431 5351 1.5% South Central Dodge $122,053 $133,500-8.6% 785 703 11.7% South Central Grant $100,000 $102,000-2.0% 301 235 28.1% South Central Green $127,000 $131,050-3.1% 331 298 11.1% South Central Iowa $128,000 $132,500-3.4% 200 189 5.8% South Central Jefferson $159,900 $162,500-1.6% 832 771 7.9% South Central Lafayette $109,000 $95,000 14.7% 100 69 44.9% South Central Richland $87,500 $117,000-25.2% 127 117 8.5% South Central Rock $114,950 $120,000-4.2% 1592 1652-3.6% South Central Sauk $140,000 $151,750-7.7% 562 514 9.3% South Central Regional Total $165,000 $175,000-5.7% 10878 10381 4.8% West Buffalo $107,000 $104,000 2.9% 73 74-1.4% West Chippewa $118,950 $122,000-2.5% 612 629-2.7% West Dunn $125,500 $130,000-3.5% 516 502 2.8% West Eau Claire $129,000 $135,000-4.4% 1314 1188 10.6% West Jackson $91,000 $91,500-0.5% 129 142-9.2% West La Crosse $136,900 $145,000-5.6% 1123 1114 0.8% West Monroe $109,000 $115,000-5.2% 408 390 4.6% West Pepin $87,200 $95,000-8.2% 88 93-5.4% West Pierce $145,426 $168,125-13.5% 424 370 14.6% West St. Croix $159,250 $174,000-8.5% 1052 1027 2.4% West Trempealeau $105,000 $115,000-8.7% 153 191-19.9% West Vernon $115,000 $127,950-10.1% 141 142-0.7% West Regional Total $132,000 $140,000-5.7% 6033 5862 2.9% *Source: WRA. Beginning with this release, all Wisconsin data at the county and regional levels have been derived using a new system that accesses the raw data of participating MLS s throughout the state. This was done so as to more accurately compute median prices, and more completely measure sales activity in counties in which there are multiple MLS s covering the county. Thus, all 2008 and 2009 data used in this report have been re-benchmarked using this system. Historical data reported on the WRA website will be updated to incorporate this new system over the next three months. Historical data on the website are currently not comparable with sub-state data in this report. 5
Table 5: Wisconsin Annual Comparison 2009 vs. 2008 totals* Sales Region County 2009 2008 % Change 2009 2008 % Change Northeast Brown $135,000 $147,100-8.2% 2369 2338 1.3% Northeast Calumet $143,000 $149,900-4.6% 413 455-9.2% Northeast Door $163,000 $191,000-14.7% 387 418-7.4% Northeast Fond du Lac $119,450 $123,000-2.9% 804 1055-23.8% Northeast Green Lake $85,000 $87,800-3.2% 107 92 16.3% Northeast Kewaunee $101,500 $99,500 2.0% 134 140-4.3% Northeast Manitowoc $97,950 $104,000-5.8% 666 750-11.2% Northeast Marinette $74,450 $75,739-1.7% 326 372-12.4% Northeast Menominee $210,000 $246,250-14.7% 18 16 12.5% Northeast Oconto $107,000 $118,000-9.3% 387 357 8.4% Northeast Outagamie $127,000 $136,900-7.2% 1530 1615-5.3% Northeast Shawano $90,750 $95,400-4.9% 291 313-7.0% Northeast Waupaca $89,250 $103,080-13.4% 412 438-5.9% Northeast Winnebago $116,000 $126,000-7.9% 1510 1489 1.4% Northeast Regional Total $122,400 $129,900-5.8% 9354 9848-5.0% Central Adams $105,000 $95,000 10.5% 344 253 36.0% Central Clark $75,000 $81,000-7.4% 156 159-1.9% Central Juneau $85,900 $87,400-1.7% 230 214 7.5% Central Marathon $126,900 $134,900-5.9% 1092 1139-4.1% Central Marquette $119,900 $123,250-2.7% 147 178-17.4% Central Portage $132,250 $135,000-2.0% 530 530 0.0% Central Waushara $98,000 $107,000-8.4% 231 224 3.1% Central Wood $96,250 $95,000 1.3% 683 642 6.4% Central Regional Total $115,000 $118,000-2.5% 3413 3339 2.2% North Ashland $95,000 $96,400-1.5% 91 101-9.9% North Barron $107,750 $112,750-4.4% 646 562 14.9% North Bayfield $130,000 $131,700-1.3% 105 99 6.1% North Burnett $131,000 $155,000-15.5% 392 409-4.2% North Douglas $97,500 $110,000-11.4% 349 369-5.4% North Florence $70,000 NA NA 11 6 83.3% North Forest $105,500 $102,900 2.5% 58 79-26.6% North Iron $140,450 $93,000 51.0% 48 44 9.1% North Langlade $74,900 $76,700-2.3% 182 202-9.9% North Lincoln $102,600 $93,500 9.7% 220 247-10.9% North Oneida $130,000 $147,950-12.1% 436 470-7.2% North Polk $108,000 $129,000-16.3% 599 527 13.7% North Price $89,900 $89,000 1.0% 121 141-14.2% North Rusk $80,000 $82,900-3.5% 143 152-5.9% North Sawyer $155,900 $180,000-13.4% 274 344-20.3% North Taylor $105,000 $98,500 6.6% 114 103 10.7% North Vilas $175,000 $179,500-2.5% 293 282 3.9% North Washburn $130,000 $155,000-16.1% 273 283-3.5% North Regional Total $118,000 $129,000-8.5% 4355 4420-1.5% Source: WRA. Data on sales volume and median price are derived using data reported to the Wisconsin REALTORS Association by various Multiple Listing Services in the different regions. Neither median price, nor sales volume data have been seasonally adjusted. Participating MLS's include Central Wisconsin MLS, Door County Board of REALTORS, Green Lake/Ripon Board of Realtors, Marinette County Board of Realtors, MetroMLS, Northstar MLS, Northwestern Wisconsin MLS, REALTORS Association of Northeast Wisconsin, South Central MLS and Superior Area Association of REALTORS. Sales data include single-family, condo/co-op and duplex properties. They do not include properties sold by private owners that would not appear on the MLS Sales data include single-family, condo/co-op and duplex properties. Median price calculations are not made if there are fewer than 10 sales in the county. 6
Table 6: Wisconsin Quarter Four Comparison Q4 2009 vs. Q4 2008 totals Region County Q4 2009 Q4 2008 % Change Q4 2009 Q4 2008 % Change Southeast Kenosha $140,600 $145,000-3.0% 362 329 10.0% Southeast Milwaukee $127,000 $127,000 0.0% 2138 1699 25.8% Southeast Ozaukee $229,900 $233,173-1.4% 215 175 22.9% Southeast Racine $130,500 $143,000-8.7% 496 359 38.2% Southeast Sheboygan $121,250 $129,000-6.0% 238 209 13.9% Southeast Walworth $161,250 $183,500-12.1% 242 191 26.7% Southeast Washington $180,000 $199,900-10.0% 359 245 46.5% Southeast Waukesha $220,071 $240,000-8.3% 933 712 31.0% Southeast Regional Total $154,900 $160,000-3.2% 4983 3919 27.1% South Central Columbia $137,000 $145,950-6.1% 168 66 154.5% South Central Crawford $102,500 $85,200 20.3% 10 12-16.7% South Central Dane $190,000 $218,000-12.8% 1143 877 30.3% South Central Dodge $120,000 $119,500 0.4% 198 157 26.1% South Central Grant $81,500 $85,000-4.1% 69 49 40.8% South Central Green $123,500 $131,550-6.1% 78 54 44.4% South Central Iowa $137,250 $115,000 19.3% 46 47-2.1% South Central Jefferson $160,000 $152,250 5.1% 232 166 39.8% South Central Lafayette $106,500 $76,000 40.1% 34 15 126.7% South Central Richland $93,000 $92,000 1.1% 33 25 32.0% South Central Rock $111,500 $112,250-0.7% 401 338 18.6% South Central Sauk $129,000 $135,000-4.4% 134 101 32.7% South Central Regional Total $157,000 $162,000-3.1% 2546 1907 33.5% West Buffalo $112,500 $92,647 21.4% 19 18 5.6% West Chippewa $116,000 $102,500 13.2% 139 114 21.9% West Dunn $124,550 $124,000 0.4% 116 108 7.4% West Eau Claire $128,400 $122,000 5.2% 315 229 37.6% West Jackson $97,900 $88,500 10.6% 39 27 44.4% West La Crosse $135,000 $133,500 1.1% 268 205 30.7% West Monroe $99,900 $116,000-13.9% 106 63 68.3% West Pepin $80,000 $83,000-3.6% 31 21 47.6% West Pierce $147,336 $143,000 3.0% 111 87 27.6% West St. Croix $152,700 $168,750-9.5% 268 216 24.1% West Trempealeau $101,800 $83,874 21.4% 45 39 15.4% West Vernon $120,000 $134,000-10.4% 44 32 37.5% West Regional Total $128,940 $130,000-0.8% 1501 1159 29.5% *Source: WRA. Beginning with this release, all Wisconsin data at the county and regional levels have been derived using a new system that accesses the raw data of participating MLS s throughout the state. This was done so as to more accurately compute median prices, and more completely measure sales activity in counties in which there are multiple MLS s covering the county. Thus, all 2008 and 2009 data used in this report have been rebenchmarked using this system. Historical data reported on the WRA website will be updated to incorporate this new system over the next three months. Historical data on the website are currently not comparable with sub-state data in this report. 7
Table 6: Wisconsin Quarter Four Comparison Q4 2009 vs. Q4 2008 totals Region County Q4 2009 Q4 2008 % Change Q4 2009 Q4 2008 % Change Northeast Brown $129,900 $145,950-11.0% 615 420 46.4% Northeast Calumet $143,500 $145,000-1.0% 91 94-3.2% Northeast Door $148,825 $190,000-21.7% 118 109 8.3% Northeast Fond du Lac $121,500 $115,500 5.2% 203 192 5.7% Northeast Green Lake $83,500 $83,362 0.2% 34 18 88.9% Northeast Kewaunee $109,100 $110,000-0.8% 46 21 119.0% Northeast Manitowoc $101,000 $111,304-9.3% 171 178-3.9% Northeast Marinette $77,000 $67,500 14.1% 91 74 23.0% Northeast Menominee NA NA NA 7 NA NA Northeast Oconto $102,500 $110,000-6.8% 76 87-12.6% Northeast Outagamie $120,759 $132,000-8.5% 397 279 42.3% Northeast Shawano $109,500 $100,500 9.0% 82 66 24.2% Northeast Waupaca $89,000 $102,500-13.2% 115 86 33.7% Northeast Winnebago $112,450 $119,750-6.1% 355 234 51.7% Northeast Regional Total $120,000 $127,000-5.5% 2401 1858 29.2% Central Adams $119,000 $102,500 16.1% 100 76 31.6% Central Clark $78,750 $75,500 4.3% 40 47-14.9% Central Juneau $85,000 $80,000 6.3% 63 51 23.5% Central Marathon $125,900 $135,807-7.3% 274 226 21.2% Central Marquette $123,000 $109,000 12.8% 53 31 71.0% Central Portage $138,250 $122,500 12.9% 129 97 33.0% Central Waushara $128,000 $125,000 2.4% 56 51 9.8% Central Wood $98,750 $87,000 13.5% 170 133 27.8% Central Regional Total $117,000 $110,000 6.4% 885 712 24.3% North Ashland $126,700 $97,800 29.6% 26 23 13.0% North Barron $105,500 $120,000-12.1% 162 111 45.9% North Bayfield $124,000 $130,000-4.6% 31 25 24.0% North Burnett $134,600 $150,700-10.7% 99 96 3.1% North Douglas $96,400 $105,000-8.2% 91 62 46.8% North Florence NA NA NA 2 2 0.0% North Forest $115,000 $105,000 9.5% 25 17 47.1% North Iron $156,000 $125,000 24.8% 16 11 45.5% North Langlade $67,500 $68,450-1.4% 65 52 25.0% North Lincoln $101,525 $80,000 26.9% 62 60 3.3% North Oneida $138,500 $148,500-6.7% 129 105 22.9% North Polk $103,000 $126,000-18.3% 145 135 7.4% North Price $64,250 $62,900 2.1% 36 34 5.9% North Rusk $80,000 $69,000 15.9% 41 38 7.9% North Sawyer $165,000 $223,000-26.0% 85 78 9.0% North Taylor $105,000 $126,260-16.8% 21 20 5.0% North Vilas $179,900 $210,000-14.3% 91 79 15.2% North Washburn $100,375 $141,850-29.2% 66 53 24.5% North Regional Total $119,450 $124,500-4.1% 1193 1001 19.2% Data on sales volume and median price are derived using data reported to the Wisconsin REALTORS Association by various Multiple Listing Services in the different regions. Neither median price, nor sales volume data have been seasonally adjusted. Participating MLS's include Central Wisconsin MLS, Door County Board of REALTORS, Green Lake/Ripon Board of Realtors, Marinette County Board of Realtors, MetroMLS, Northstar MLS, Northwestern Wisconsin MLS, REALTORS Association of Northeast Wisconsin, South Central MLS and Superior Area Association of REALTORS. Sales data include single-family, condo/co-op and duplex properties. They do not include properties sold by private owners that would not appear on the MLS Sales data include single-family, condo/co-op and duplex properties. Median price calculations are not made if there are fewer than 10 sales in the county. 8
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