Home prices down in Rock County, more houses selling
More houses are selling in Rock County, but the average sale price of those homes is tumbling further.
Rock Green Realtors Association President Jerry Morse says distressed properties are responsible for the falling sale prices. July figures from the Wisconsin Realtors' Association show the average price of a home sold in Rock County dropped 18 percent from July 2010.
Morse says more shadow properties are coming off the market and more non-distressed sellers are listing their homes.
The number of Rock County homes sold in July was up nearly 34 percent from a year ago.
While the figures show a tough real estate market in Janesville, Morse says statistics on communities like Beloit, Milton, and Edgerton are improving over last year.
Because there are a lot of homes for sale, Morse says buyers are looking at many homes and searching for a bargain.