This video talks about the most current housing market and how it is dramatically changing for Somerset WI and the surrounding area through September of 2022. Up to this point in time, Somerset appears to be completely insulated from home values dropping like most communities in Western WI. However, this is mainly a result of new construction vs existing single family home Continue Reading
St. Croix River Valley
Troy Burne Golf Village Housing Market Correction 2022
The Troy Burne Golf Village and Hudson WI housing market continued to see average home sale appreciation over the past 12 months, but the housing market correction is on its way. Research shows listings are down from a year ago. The number of showings per listing is slowing. Sellers are reducing their list prices after going on the market at a faster rate. Mortgage and new construction Continue Reading
Hudson WI Housing Market Correction 2022
The Hudson housing market continued to see average home sale appreciation over the past 12 months of 12.4% through April, but the housing market correction is on its way. Research shows listings are down 11.7% from a year ago. Closed sales are down 8.1% over the past 12 months. The number of showings per listing has flat-lined from the beginning of the year. Sellers are reducing their list prices Continue Reading
St. Croix County WI Housing Market Correction 2022
The St. Croix County housing market continued to see average home sale appreciation of 13.2% over the past 12-months. The number of closed sales over the past 12-months is only down slightly, but there are indications a housing market correction is on its way. That the number of showings per listing are slowing. That sellers are reducing their list prices after going on the market at a faster Continue Reading
Houlton WI Housing Market Correction 2022
The Houlton WI St. Croix County housing market continued to see average home sale appreciation over the past 12-months but the housing market correction is on it's way. That the number of showings per listing are slowing. That sellers are reducing their list prices after going on the market at a faster rate. Mortgage and new construction applications are slowing. More importantly 30-year mortgage Continue Reading
Washington County MN Housing Market Correction 2022
Washington County MN housing market is just starting to show the early stages of a housing market correction. The average sales price did appreciate 8.3% over the past 12-months, but the number of new listings dropped 5%, and the number of closed sales dropped 4.5%. The number of showings per listing are declining. More sellers are reducing their list prices after going on the market at a faster Continue Reading
