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May 2024 Housing Market Update for Polk & Burnett Counties | Ben Wheeler, NW Wisconsin Realtor

🌟 May 2024 Housing Market Update for Polk & Burnett Counties 🌟 Hello and welcome to my channel! I'm Ben Wheeler, your local realtor serving Northwest Wisconsin. In this video, we'll dive into the latest housing market trends and data for Polk and Burnett Counties as of May 2024. 📊🏡 Key Highlights: Polk County: 84 homes listed, steady compared to May 2023. Median home price at $310,000, up 10% from last year. Burnett County: 45 homes listed, a 13.5% decrease. Median sales price at $295,000, up 7%. Home Sales: Polk County saw a 16% decrease in homes sold, while Burnett County experienced a 44.4% increase. Pending Sales: Polk County down 21.7%, Burnett County up 33%. Despite low inventory levels, the housing market remains robust, with prices holding steady and even increasing due to strong demand. We're seeing multiple offers and numerous showings, particularly in the competitive sub-$200,000 market. 🏘️💼 Foreclosure Trends: No increase in foreclosures in Polk or Burnett Counties, indicating a stable and secure housing market. Bank-owned properties are at an all-time low, further supporting price stability. Interest Rates & Market Outlook: Current interest rates are around 7%. While higher than recent years, it's still a great time to buy a home for long-term financial security and stability. 📞 Contact Information: Interested in learning more about the local housing market in NW Wisconsin? Reach out to me at (715) 553-3490 for personalized insights and assistance. 🔔 Stay Updated: Don't forget to subscribe to my channel for the latest housing market news and trends! Hit the like button and share this video with anyone interested in the NW Wisconsin real estate market. #HousingMarketUpdate #PolkCountyRealEstate #BurnettCountyRealEstate #WisconsinRealtor #BenWheelerRealtor #RealEstateTrends #HomeBuying #HomeSelling #NWisconsinHomes #RealEstateMarket2024