South Central Wisconsin Multiple Listing Service. Monthly Statistical Reports INDEX

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1 1 South Central Wisconsin Multiple Listing Service Monthly Statistical Reports INDEX 1. Index Page 2. Monthly Statistical Narrative 3. Monthly Stats Report 6. YTD Stats Report

2 2 February 14, 2019 And We re Off SALES In January, 2018 sales of single-family and condominium homes set an all-time record for the month by more than 12% over the next best total in This January sales are down compared to that monster month, but when compared to other past Januarys, the 344 reported sales are the third best total since out the 16 county region* served by the SCWMLS, sales were down 15.6% - again following a huge January last year. PRICES The Dane median price for the month is up 1.1% compared to January We must remember that this is a small sample size and therefore it is too soon to read anything into this result. For the past 12 months, the median price is $279,000 compared to $265,000 for the previous one-year up 5.3%. The median price for single-family homes reached $300,000 for the period covering February 1, 2018 January 31, For condominiums, the median price is $195,000 for the same time frame. For the entire region, the median price over the past 12 months rose to $220,000 from $210,000 a 4.8% increase. INVENTORY For the 6 th month in a row, new listings and active listings at the end of January in Dane were higher than in 2018, particularly with single-family homes. While the supply of active listings remains lean in many price ranges, we are hopeful that the traditional increase in listing activity as spring approaches will help improve the housing selection for prospective buyers as demand remains high. Active inventory across the region is showing mixed results compared to last year with higher inventories in Columbia, Dodge, the southwest (Grant, Iowa and Lafayette), Rock and Green Counties. INTEREST RATES With the economy on solid ground and inflation contained, mortgage interest rates fell to their lowest level in 10 months. According to Freddie Mac, the rate for a 30-year fixed mortgage stood at 4.41% as of February 7, 2019 compared to 4.32% one year ago. The Federal Reserve has indicated it will be sensitive to market factors going forward and that it will slow the rate of increases down in While this does not guarantee mortgage rates will stay low, it does suggest that increase will be less likely. This is very good news for prospective home buyers. WHAT S AHEAD FOR 2019? Despite our recent weather setbacks, we expect another busy start to 2019 with great rates, a bit more inventory and a solid jobs outlook. And we anticipate a busy spring with competition among buyers likely to increase. Now may be an advantageous time for both buyers and sellers to act. *Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon, and Waushara Counties.

3 Report Criteria: Reflecting data for: January 2019 Type: Residential 3 Monthly Stats Report Adams 120,000 93, % % % Green Lake 104, , % % % Marquette 73, , % % % Waushara 143, , % % % Region Total 110, , % % % Crawford NA NA NA % % Richland NA NA NA % % Vernon NA NA NA % % Region Total 125, , % % % Dane 271, , % % % Region Total 271, , % % % Grant 130, , % % % Iowa NA NA NA % % Lafayette NA NA NA % % Region Total 131, , % % % Green 215, , % % % Rock 150, , % % % Region Total 154, , % % %

4 4 Columbia 145, , % % % Dodge 168, , % % % Sauk 180, , % % % Region Total 168, , % % % RASCW Market Area Median Price RASCW Market Area Sales 213, , % % RASCW Market Area RASCW Market Area New Listings RASCW Market Area Total Listings % 1,202 1, % 3,040 4, % Adams/Marquette/Waushara/Green Lake Price Range Stats $0 - $124, ,344, $125,000 - $199, ,269, $200,000 - $349, ,334, $350,000 - $499, ,520, $500, ,392, Crawford/Richland/Vernon Price Range Stats $0 - $124, ,907, $125,000 - $199, ,971, $200,000 - $349, ,951, $350,000 - $499, ,920, $500, ,282,

5 5 Dane Price Range Stats $0 - $124, ,597, $125,000 - $199, , ,613, $200,000 - $349, ,914 1,053,207, $350,000 - $499, , ,348, $500, ,009, Grant/Iowa/Lafayette Price Range Stats $0 - $124, ,960, $125,000 - $199, ,271, $200,000 - $349, ,927, $350,000 - $499, ,531, $500, ,179, Rock/Green Price Range Stats $0 - $124, ,606, $125,000 - $199, , ,414, $200,000 - $349, ,602, $350,000 - $499, ,461, $500, ,351, Sauk/Columbia/Dodge Price Range Stats $0 - $124, ,172, $125,000 - $199, , ,387, $200,000 - $349, ,230, $350,000 - $499, ,136, $500, ,025,

6 6 YTD Stats Report Report Criteria: Reflecting YTD data through: January 2019 Type: Residential Run Date: 2/12/2019 Grant 130, , % % Iowa 133, , % % Lafayette 145, , % % Region Total 131, , % % Columbia 145, , % % Dodge 168, , % % Sauk 180, , % % Region Total 168, , % % Adams 120,000 93, % % Green Lake 104, , % % Marquette 73, , % % Waushara 143, , % % Region Total 110, , % % Crawford 200,000 97, % % Richland 145, , % % Vernon 120, , % % Region Total 125, , % % Dane 271, , % % Region Total 271, , % %

7 7 Green 215, , % % Rock 150, , % % Region Total 154, , % % YTD RASCW Region Median Price YTD RASCW Region Sales 213, , % %