Our Spring 2013 Market Watch Newsletter Is Out!

 

... sings Bob Dylan and they certainly are in the real estate
market. As early as 2010, we predicted that around the spring
of 2012 we would be seeing a turn-around in the real estate
market. Last Spring, in our newsletter, we noted that volume
was starting to improve but prices were actually still going
down. We also stated, "For the first time in 5 years, I am saying,
we have hit the bottom and we are starting the recovery."
As you can see from the national trends in the graphs below,
the inventory of homes for sale has fallen significantly over the
past two years. You can also see, nationally, the prices have
finally started coming back.
Monthly Inventory of Homes for Sale
10.0
9.0
8.0
7.0
6.0
5.0
4.0
NAt 17013
Eliason Realty has been seeing similar trends. Eliason Realty
saw a 60% increase in sales volume in 2012 over 2011. That
is compared with a 27% increase for the entire MLS. We have
also seen a significant decrease in our volume of listings. In fact,
based on the early 2013 indications, we are going to be short on
the inventory needed to meet the demand that appears to be on
the horizon for the rest of the year. With that in mind, the
Northwoods could be entering the price recovery we have been
waiting for. (You will see from the graphs on page 2 that although
volume has begun to spike, prices simply level off.)
We typically don't want to put too much weight on one month,
but historically slow January was anything but. According to the
\X/RA, sales in Wisconsin were up 18.3% over January 2012 and
median home prices increased 3.4% over that same period.
If you have been thinking of selling your property, but thought
the market was not strong enough yet, you may very well
want to consider taking advantage of the current trend. Eliason
Realty is able to provide a free market analysis of your property
at no cost. We can also let you know how the market is in your
Specific Township and/or property type. Call or e-mail us for
more information.
You may have thought Dylan was even singing about the real
estate market when he states "the slow one now will later be fast,
as the present now will later be past." OK, maybe nobody ever
thought he was referring to a real estate market, but he could
have been. This slow market is getting pretty fast. Call Eliason
Realty for a Free CMA of your property or to become a VIP
Buyer. Both services are completely free.

Times They Are a Changing...

... sings Bob Dylan and they certainly are in the real estate market. As early as 2010, we predicted that around the spring of 2012 we would be seeing a turn-around in the real estate market. Last Spring, in our newsletter, we noted that volume was starting to improve but prices were actually still going down. We also stated, "For the first time in 5 years, I am saying, we have hit the bottom and we are starting the recovery." As you can see from the national trendsInventory of Homes for Sale in the graph below, the inventory of homes for sale has fallen significantly over the past two years. You can also see, nationally, the prices have finally started coming back.

Eliason Realty has been seeing similar trends. Eliason Realty saw a 60% increase in sales volume in 2012 over 2011. That is compared with a 27% increase for the entire MLS.

We have also seen a significant decrease in our volume of listings. In fact, based on the early 2013 indications, we are going to be short on the inventory needed to meet the demand that appears to be on the horizon for the rest of the year. With that in mind, the Northwoods could be entering the price recovery we have been waiting for. .....

Request our Free Foreclosure List  |  Sign up as a VIP BUYER

 

Click here to get your complete copy of 
Eliason Realty's Spring 2013 Market Watch Newsletter!  

 

Eliason Realty of the North, LLC
Vilas County's Largest!

Offices in Eagle River and St Germain, WI 

Create Free Account or
Choose Your Agent (optional)
I agree to the Terms of Use
Keep me updated about interest rates and market information by our trusted local lending partner.
Equal Housing Opportunity Realtor MLS
Sign-In or