Скачать или смотреть 🏡 Discover the Latest Housing Market Trends in Polk & Burnett Counties, Wisconsin! 📈

🏡 Discover the Latest Housing Market Trends in Polk & Burnett Counties, Wisconsin! 📈


Welcome to Ben Wheeler's channel, your go-to source for all things real estate in Northwest Wisconsin! In this video, we delve into the pulse of the local housing market as we analyze year-to-date data up to March 2024 for Polk and Burnett Counties.


🔍 Inventory Insights:
Polk County has witnessed a steady stream of 104 residential listings this year, mirroring the stats from Quarter 1 of 2023 with a mere 1% fluctuation. Meanwhile, Burnett County boasts a notable 41% surge in new listings compared to the same period last year.


🏠 Homes Sold:
Both counties show promising upticks in homes sold. Polk County experiences a robust 38% increase with 86 homes sold, while Burnett County impresses with a 51% surge, totaling 41 homes sold.


💰 Median Home Prices:
Polk County's median home price stands strong at $304,750, showcasing an upward trajectory from 2023. Similarly, Burnett County's median sales price edges up to $280,000, indicating a steady appreciation in property values.


📈 Market Activity:
Pending sales exhibit positive trends, with Polk County up by 7% and Burnett County soaring by 27%. The market remains dynamic, witnessing multiple offers and active showings across various price points.


💼 Dollar Volume:
Quarter one figures reflect a resurgence in dollar volume, reminiscent of pre-2022 levels before the rate hikes. Both Polk and Burnett Counties witness substantial increases in dollar volume sold compared to the previous year.


🚫 Foreclosure Trends:
No signs of distress in the housing market as foreclosures remain low in both counties, ensuring stability and security. Bank-owned properties are dwindling, contributing to sustained property values.


📉 Interest Rates:
While rates hover around 7%, slightly calming from recent highs, buyers shouldn't delay their entry into the market. Waiting for rate dips may prove futile, emphasizing the long-term benefits of homeownership amidst evolving market dynamics.


🏠 Seller's Market:
Limited inventory continues to fuel the seller's market dynamics, making it an opportune time to sell. The balance between supply and demand ensures favorable conditions for sellers.


📞 Connect with Ben Wheeler:
For further insights into the local housing market in NW Wisconsin, reach out to Ben at (715)553-3490. Don't forget to hit that subscribe button for more updates on housing market news and trends!


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