Rebound in existing home sales continued in January

The Wisconsin Realtors Association released its January existing home sales data for regions and counties across the state that show sales have continued to increase across most of the state in the first month of 2013. Here’s the full database if you want to look at other areas of the state.

In Winnebago County, the number of sales increased from 88 in January 2012 to 90 in January 2013, a 2.3 percent increase. In Northeast Wisconsin, sales increased from 523 to 571, a 9.2 percent increase year-over-year.

In Oshkosh, First Weber’s Dennis Schwab said the agency’s year-over-year sales increased about 30 percent compared to last January while homes it lists for sale increased 33 percent. Schwab said the increase in listed properties points to signs the housing market continues the revival begun last year.

“There’s people that were on the fence as to when they could move up to a bigger or newer home,” Schwab said. “With the economy picking up and jobs looking a bit more secure, I think they’ve decided to make that move.”

Schwab said the Oshkosh area housing market has now recorded 488 sales in the last six months. The average number of days a home is on the market remains somewhat high at 189 days, but Schwab said it’s not unreasonable to expect a house will take six months to sell.

About Jeff Bollier

Jeff Bollier is an award-winning public affairs reporter for the Oshkosh Northwestern who covers everything from city hall to business. As Streetwise, Jeff delivers updates on the comings and goings of Oshkosh's retail and business world. Jeff is an avid Instagram and Twitter user and a member of the Northwestern Bacon Team.
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