The median price for home sales in Manitowoc County rose almost 24-percent last month when compared to February 2020 statistics.
The median price increased from $109,000 to $134,900 locally, while the number of sales fell slightly from 57 to 55. The monthly inventory of houses declined by 50-percent and average days on the market decreased just over 40-percent.
For the first two months of 2021, home sales in the county fell by seven from 118 to 111 while the median price went up by nearly 19-percent to $132,000.
A news release from the Wisconsin Realtors Association pointed out strong February housing sales pushed what are typically the three slowest months of the year into ‘record’ territory, statewide.
With a growing economy and near record-low mortgage rates, David Clark, Marquette University Economist and Consultant to the WRA said, “The Wisconsin labor market continues to improve, and a recent re-benchmarking of the data shows the state has added back about two-thirds of the jobs lost in the first two months of the recession.”
