September 21, 2014

State home sales see first increase of the year

For the first time this year, the number of existing houses sold by Wisconsin Realtors was higher than the same month a year ago.

The Wisconsin Realtors Association says its members sold just over 7,700 homes statewide during June, which is 4.5 percent more than in June of 2013. The median sales price was $159,900, six-tenths of a percent more than the year before.

The group’s Dave Clark says June is typically the biggest month of the year for home sales in Wisconsin, accounting for almost 11.5 percent of all sales for the year. Clark says it’s a good sign that the housing market is headed in the right direction.

All parts of Wisconsin reported gains in sales. However, the improvement for June is still not going to completely erase reductions in sales during the first part of the year. Total home sales were down by almost five percent during the first six months of 2014.

WIBA