Some positive news on the sale front. 83 homes were sold in Vilas and Oneida Counties in the month of January. This compares with a tepid 62 homes in January of 2017 so we are up 33% from the same month one year ago. I would not normally get excited but showings are also up.
The red line above represents home sales in Oneida and Vilas Counties. You can see the very regular, almost systolic form the last 4 years. The red is creeping upward. The blue line represents the number of listings. That is steadily going down (down 15% in 2 years). We are still nowhere near a “balanced” market where we list and sell equal amounts. However, we continue to move in that direction.
We had a very cold month and showings and sales have been brisk (pardon the pun).