In October, statewide home sales were up nearly 25%, compared to last October according to the Wisconsin REALTORS® Association (WRA) latest home sales report. Over the same time period, the median home sale price increased more than 16%.
Mortgage rates have been lingering below 3%, which has supported such strong home sales and prices. Comparing the first 10 months of this year compared to 2019, Wisconsin home sales were up 4.5% and the median price was up double digits- over 11%.
Home prices in Waukesha County have held steady so far, rather than declining, as we historically see towards the end of the third quarter of the year. As winter weather moves closer, home prices and buyer competition are expected to ease. Buyers may find good opportunities this winter season, and be able to take advantage of the low mortgage rates.
To discuss your real estate needs, please don’t hesitate to reach out to us to discuss your home buying or selling goals.
Champion local artists and give the gift of art such as paintings, ceramics, photographs, jewelry, and stained-glass pieces.
Gifting a book from your local book store is like sending them on a mental vacation, something we could all use a little bit of this year.
A gift card to a local salon may be the perfect gift for those essential workers that are on your list.
Shop at a local greenhouse or florist to brighten up your gift recipient’s home.
Give a gift with history, such as an item from your local antiques store. They can be excellent decorative pieces and add warmth to a home, especially if the item is sentimental to the inheritor.
Gift certificates to a local class to learn something new, like cycling, Tae kwon do, or a dance class. Many businesses also offer virtual class options.
The Oconomowoc area offers many opportunities for outdoor recreation in winter. Those on your list who enjoy the outdoors may appreciate winter gear from your local sporting goods store. Gifts such as ice fishing tackle, snowshoes, or winter attire can be good options.
A gift card to a local restaurant or eatery can help free up a night of cooking for your gift card recipient.
Giving the gift of local beer or coffee can make brilliant gifts for those aficionados that enjoy a craft cup of brew. Purchase at your local brewery, coffee shop, or roaster.
Locally baked goods and hand-crafted confections are enjoyable treats that many would appreciate.
These two Wisconsin classics can make up the perfect gift basket.
Donate to a local non-profit in the name of your recipient. Choose a non-profit that aligns with the recipient’s values and interests.
Purchase a local memorial or honor gift in the name of your gift recipient. These gifts could include a park bench, a piece of boardwalk at a nature center, or a brick at the Veterans Memorial Park.
Support your local pet supply store and buy a special gift for your pets, such as handmade treats.
If you’re still not sure what to get someone, you can support local businesses by purchasing a gift card from them. The Oconomowoc Chamber of Commerce also offers Oconomowoc gift certificates, which can be redeemed at any of the local participating businesses.
For your real estate needs, consider using a local boutique real estate firm like Oconomowoc Realty. Proudly serving the community since 1959. Feel free to contact us if you have questions about the local real estate market conditions or to discuss your real estate goals.
Little-Known Ways to Make Your Home Feel Warm, Cozy and Inviting.
10 Helpful Tips to Protect Your Home (and Wallet) this winter.
Fall Home Maintenance Reminders.
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