April 19, 2014

State home sales see strong start for 2013

Wisconsin home sales kicked off the year by continuing a climbing trend the state has been seeing for much of the past 19 months. The Wisconsin Realtors Association says almost 3,450 existing homes were sold by members in January, up 500 sales from January of 2012. It’s a year-to-year increase of 18.3 percent.

The median resale price for the month was $123,000, up 3.4 percent from last year’s average of $119,000. Over the course of 2012, the average resale price jumped above $133,000.

WRA officials note that January is typically one of the slower months for activity, accounting for only about five percent of sales for the year. Still, the group says strong sales for January bode well for the spring, which is when the housing market typically heats up.

Home sales were up in all regions of the state last month.