Wisconsin home sales hit their highest level in eleven years last month.
The Wisconsin Realtors Association said Monday that its members sold almost 7,100 existing homes statewide last month, up about 8.8 percent compared to April of 2015 and the highest they have been for that month since 2005. “Definitely a solid performance on the sales front,” said WRA economist Dave Clark. Median prices were also up about 4.9 percent to around $162,000.
Clark attributed strong buyer interest to lower mortgage rates, which have been in the three to four percent range for most of the last year.
While prices and sales continued to climb, the number of homes available for sale was down. The WRA said it received almost 11 percent fewer listings last month, compared to the same time a year ago.
Contributed by WIBA