This chart shows the unit sales (homes) for Vilas and Oneida Counties for 2004-2009. The red line shows the number of homes sold and the blue line represents the number of homes listed. As displayed, December proved to not be significantly different from previous months in 2009. October was the highlight for the year in terms of unit sales and pricing.
What are we to expect in 2010? I don't think it would be much of a stretch for me to predict unit sales between 50 and 75 units for the first 4 months of 2010. We saw those sorts of numbers in 2008 and 2009. I remain optimistic that the warmer months will see sales in excess of 100 units during the summer. Why the optimism? This market has a tendency to parallel consumer confidence. Consumer confidence is much stronger than it was 12 months ago. We have good inventory, historically low interest rates, banks willing to lend money (unlike 12 months ago) and $6500-$8000 incentives. If someone was looking to move up, it really is an opportune time.
So we will see what 2010 brings. I wish you all the best for the New Year!
Sincerely,
Jim Mulleady - Broker
Coldwell Banker Mulleady REALTORS
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Serving Wisconsin's Beautiful Northwoods. We have over 3000 lakes, 2 National Forests, 1 State Forest, and millions of acres of public forest land. I hold BS, and MBA and GRI and CRS desginations
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