Wisconsin Realtors sold six percent fewer houses in November than in the same month a year ago. However, home buyers paid an average of almost five percent more for the properties that did sell.
The state’s Realtors Association says its members sold just over 5,000 existing houses last month, about 300 fewer than in November of 2012. The median sales price was $136,000, about $6,000 more than the year before.
For the year as a whole so far, Wisconsin home sales still had a robust increase of 11 percent, to around 65,000. Median prices jumped 7.5 percent for the first 11 months of the year, to $144,000.
Board chairman Steve Lane of the Realtors Association says the housing market has cooled down somewhat from what he called a “red-hot pace” in the first nine months of the year. Despite the slowdown, Lane says the number of homes on the market dropped by almost one percent from the previous year.