October was a record-breaking month for Husky Homes! While the rest of the real estate sales market is down somewhere between 2-10% depending on what micro-level you are looking at, our team’s sales are up a shocking 265% year over year (comparing October sales in 2023 to 2024), and 105% month over month (September vs October 2024). In a market with SO much volatility due to rising inventory, rising interest rates and election hopes and fears, our team has vehemently persisted in helping our clients find successes.
Despite this excitement, we are still seeing very real challenges for many buyers and sellers. Yes, inventory is rising, but it seems to be rising in pockets that don’t necessarily need inventory – certain municipalities are seeing a surge of new construction and lot releases when there are already plenty of existing homes available for showings, for example. This is causing buyers to really take their time and decide what they want, and it’s also causing these buyers to be especially picky about the condition of a lived-in home – because they have several options to build an entry level new construction home at a comparable price to an existing home. The areas that have historically low inventory, continue to; it seems that while inventory is increasing, it’s not increasing where the buyer demand is. So we are still seeing competition in certain aspects of the market
In addition to this, we are incredibly proud to be a founding team responsible for bringing our new brokerage, Compass, to the Madison real estate market, 1 year ago. Compass has officially surpassed $1B in sales for the state of Wisconsin for 2024. The markets that Compass currently serves in Wisconsin is the greater Milwaukee and Madison areas, Lake Geneva, Kenosha and the Northwoods; and more to come! To be a part of the nation’s #1 brokerage, and to help them grow their market share in our home state and market is truly a special experience.
Posted by Alison Crim on
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