Minocqua Home Sales February 2018

Sales Feb 2018

February seemed busier than it was.  69 homes were sold in the Northwoods counties of Oneida and Vilas.  This compares with 63 last February (so we are up 9.5%).  We sold 83 units in January so our very brief Year-to-Date number is 152 and this compares with 125 units sold last January and February.  YTD, we are up 21%.

The red line above represents unit sales and the blue line represents listings (supply).  We have been increasing sales ever so slightly and the supply of homes has been decreasing on a regular basis.  I would not be going out on a limb here in predicting more of the same.  Nationally, sales are dropping but not from the lack of demand.  Sales are dropping from the lack of supply.  We do not have that problem here in the Northwoods as we still have a good supply of inventory.

The weather is warming a bit.  We did get a lot of snow last week.   Most areas still have over 24” of snow.  Please come up north and enjoy winter!

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About northwoodsdeals

Jim Mulleady is the Broker for Coldwell Banker Mulleady REALTORS located in Eagle River, WI. Jim has a BS in Industrial Technology from UW Stout and an MBA - Marketing from DePaul University. Jim has over 20 years of marketing and sales experience.
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