City of Watertown Market Update – July 27, 2009

Single Family Housing

142 - properties currently for sale

163 - properties listed for sale since Jan. 1, 2009

64 - properties sold since Jan. 1, 2009

$181,742 – average list/asking price of currently active properties

$127,576 – average list/asking price of currently active 0-2 bedroom properties (17)

$179,999 – average list/asking price of currently active 3 bedroom properties (95)

$217,956 – average list/asking price of currently active 4+ bedroom properties (30)

$128,952 – average sold price for properties sold so far this year (includes some bank-owned sales)

$135,895 – average list/asking price of properties sold so far this year (includes some bank-owned)

110 – average days on market for sold properties

$184,801 – average list/asking price of properties listed this year and not sold yet

Source: South Central Wisconsin Multiple Listing Service (SCWMLS)

Note: The MetroMLS, based in Milwaukee, also maintains a database of real estate listings in Jefferson County. The information in the MetroMLS and the SCWMLS is somewhat different. Most properties get listed in both systems, but not all, and it is difficult to separate out the solo listings. So, the statistics above are not complete, as the SCWMLS does not include every property listed for sale in Dodge county (nor does the MetroMLS). Further, “by owner” sales are not included in either MLS. The numbers above are, however, a good sample of local market activity.