Just like it seems in every part of the country right now, housing prices in Wisconsin are on the rise. For the first time in years, house prices are back to where they were before the housing bubble burst, and many homeowners have now made a profit on their homes. While housing is booming, the supply is dangerously low in many places. Some speculate this is due to homeowners fearing they won’t find a suitable replacement, so they haven’t listed their own home. With the supply so low, it’s a good time for bold homeowners to list and sell for a handsome profit.
Wisconsin real estate has gone up in value nearly 7% in the last year, with predictions only adding to that number in the coming year. It’s definitely a seller’s market right now, with many homeowners receiving multiple offers on their home before choosing who to sell to. Homes near cities tend to have a higher chance of selling at a high rate, but Northwestern WI realtors have noted that vacation and second home properties are also popular again. Homes near water or in the wilderness may see an uptick in their market, albeit at a slower pace than primary residences. Real estate agents in Northwestern WI have been working with homeowners and vacation homeowners alike to prepare their homes for sale in this hot market.
Not only are vacation homes on the rise because of the booming economy, but Baby Boomer retirements are also contributing to the trend. Retirees looking for a downsizing, or for a home closer to grandchildren, are turning their attentions to cabins for sale in Northwestern WI, as well as in California, Florida, and Arizona. Vacation homes usually see more offers in the fall, but buyers may find a good deal on owners willing to bargain now that it’s closer to springtime.
The housing shortage may not last forever, so many experts are suggesting that homeowners list their homes now while prices are high. Once the market becomes saturated with available properties again, buyers may win the advantage. Luckily, homes have been priced higher than they have in a long time, which helps sellers gain a profit on their investments. With housing prices only expected to rise more in the meantime, buyers can also turn a profit rather quickly in this hot housing market.
Company Name: C21 Sand County Services, Inc.
Phone: (715) 349-5300
Address:24740 Hwy 35 and 70
City: North Siren
State: WI 54872
Country: United States