WI Realtors: Median Price Up 24% Since 2019; Wall Street Journal Ranks WI Markets

Wisconsin Realtors Association March 2021 data showed a 10.2 percent increase in the median sale price of an existing home from the prior year, while home prices nationally reached $329,100 in March 2021, an increase of 17.2 percent year-over-year. 
 
The Appleton housing market ranked highest in Wisconsin on The Wall Street Journal and realtor.com Emerging Housing Market Index released today. The Index ranks the 300 biggest metro areas in the U.S. and uses economic and lifestyle data such as the unemployment rate, wages, commute time, and small-business loans to create the ranking. According to realtor.com and as a contrast to national median home prices, home prices for the top 10 markets in the index have risen 27 percent on average in the past year. 
 

Today, three key indices are going to be announced, which will help further define the housing market and the overall U.S. economy. The Case-Shiller home price index, the Consumer Confidence index, and the Homeownership rate. The Case-Shiller Index is actually made up of several indexes that track the value of single-family detached residences using the arms-length and repeat-sales methods. The Consumer Confidence Index is a survey, administered by the Conference Board, that measures how optimistic or pessimistic consumers are regarding their expected financial situation. The Census Bureau releases data that makes up the homeownership rate, which is the percentage of U.S. homes that are owner-occupied. The rate is calculated by dividing the number of homes that are owner-occupied by the total number of occupied households. According to the St. Louis Federal Reserve, the homeownership rate reached its lowest point in 50 years in 2016 Q2 at 62.9 percent. 

WI Markets Ranked on the Wall Street Journal/realtor.com Index 

14 Appleton  Wisconsin 
19 Madison  Wisconsin 
35 Janesville-Beloit  Wisconsin 
37 Oshkosh-Neenah  Wisconsin 
113 Racine  Wisconsin 
117 Green Bay  Wisconsin 
134 Milwaukee-Waukesha-West Allis  Wisconsin 
168 Wausau  Wisconsin 
218 Eau Claire  Wisconsin 
38 La Crosse-Onalaska  Wisconsin – Minnesota

 

 

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By, Alex Paniagua