After a sluggish start, La Crosse County home sales have rebounded this fall.
Sales of existing homes in November were up more than 34 percent over the previous year, marking a second month of growth after nine months of decline, according to numbers released Monday by the Wisconsin Realtors Association.
November’s sales — the second strongest in WRA records, which date from 2007 — bring the county to within 3.4 percent of 2016 sales. For most of the year, sales were about 10 percent below the previous year mark.
Statewide sales have also improved this fall, putting Wisconsin 1.5 percent above 2016 levels.
Prices have remained strong, with the median sales price so far in 2017 at $175,000 for the county, up from $167,250 at the same point last year.
According to the WRA, sales have grown in spite of historically tight supplies. New listings are down 2 percent from the past year, and statewide inventories reached a 4.5 month supply in November, with even tighter markets in urban areas.
La Crosse County’s inventory as of November was just 2.9 months, the second lowest in the state.
“Given how tight the inventories are I’m surprised they’ve been able to sell the volumes they’ve sold,” said WRA economist David Clark.
Judy Gull, president of the La Crosse County Realtors Association, said agents have warned buyers of the tight market and the need to be ready to move quickly. She said multiple offers are still common, especially for homes under $150,000, where demand is high.
Gull expects to see more homes listed for sale after the New Year holiday.