Wisconsin Home Sales Dip in 2007 But Prices StableState's housing news much better than nation Madison - Wisconsin housing sales decreased but prices increased in 2007, leaving Wisconsin's real estate market in much better shape than many parts of the Midwest and the nation, according to the year-end analysis of existing home sales conducted by the Wisconsin REALTORS® Association (WRA).Wisconsin home sales declined in 2007 by 10.8 percent relative to 2006, but median prices actually rose 0.2 percent over the period to $164,000, according to the REALTORS®' report.  Here in Dane County, the median price actually rose 2.9% to an average of $218,000."It's a mistake to look at Wisconsin's housing market through the lens of national indicators," said WRA President William Malkasian. "Housing ... 03/05/2008

Existing-Home Sales Expected in Early 2008, then Gradual RiseOver the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, then rise later in the year and continue to improve in 2009, according to the latest forecast by the National Association of Realtors®.Lawrence Yun, NAR chief economist, said there is a pull and tug exerting itself on the market.  "On the one hand, we have a pent-up demand from the four million jobs added to our economy over the past two years of sales decline," he said.  "On the other, consumers continue to wait for additional signs of market stabilization.  There are more people with financial capacity now than in 2005, but many are trying to market-time their purchase."NAR also encourages the Fed to make ... 01/09/2008

Housing "crisis" to spare Wisconsin According to a report released by the U.S. conference of mayors, the fallout from the mortgage crisis will be minimal in Wisconsin.  In 2008, the (national) economy will grow at a rate of 1.9%; however, the economies of Wisconsin cities are expected to grow between 2.3% and 3.4%. The result is better in Wisconsin because area prices and mortgage values did not climb as much or as rapidly as in other parts of the country. According to the report, house prices will remain stable, if not increase slightly, in Wisconsin. Nationally, home prices will fall 7% in 2008, the report says. The prediction tracks with a report last week from the Wisconsin Realtors Association. That report found that in the third quarter, home prices rose 2.4% statewide to a median... 12/11/2007

PERFECT LOCATION! A Little TLC will go a LONG Way!Location: Madison, WIGREAT LOCATION! Wonderful 3 bedroom, 2 full bathroom bungalow on Madison s East Side. Updates include roof, windows, furnace, central air, updated electrical, basement waterproofing, driveway and insulation. With much of the original woodwork and trim throughout and an updated kitchen, there is a touch of the traditional and modern in this classic home. A little TLC will go a long way! A large front porch to relax in and a fenced back yard make this home a great buy for the price!Photo GalleryInformationContact InformationMindy Allen608-692-0220mindy@forsalebymindy.comPricingAsking Price: $188,000Flexibility: NegotiableAdditional Pricing Information: Very Motivated SellerProperty Location2942 Milwaukee StreetMadison,... 10/10/2007

Residential Homes SalesActive Listings: 81 home with accepted offersAverage Asking Price: $205,9872 Pending Sales September 2007 Sales: 0 SalesAverage List Price: Average Sold Price: Average days on market:  3rd Quarter 2007 Sales: 2 SalesAverage List Price: $209,950Average Sold Price: $209,500Average days on market: 37 CondominiumsActive Listings: 110 condos with accepted offersAverage Asking Price: $163,836 September 2007 Sales: 0 SalesAverage List Price: $Average Sold Price: $Average days on market:  3rd Quarter 2007 Sales: 3 SalesAverage List Price: $122,933Average Sold Price: $123,133Average days on market: 27 * Information obtained through the SCWMLS provided courtesy of Mindy Allen, Keller Williams Realty. 10/05/2007