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You are here: Home / Business / Cold weather drops home sales in January

Cold weather drops home sales in January

February 17, 2014 By Andrew Beckett

As temperatures fell last month, so did home sales across the Badger State. The Wisconsin Realtors Association says its members sold 6.8 percent fewer homes in January than the same month a year ago. Just under 3,300 existing houses were sold by Realtors in the Badger State last month, down from a little over 3,500 in January of 2012.

Despite lagging sales, home sellers did do better in regard to sale prices. The median resale price rose by 3.2 percent since last January, to $126,900.

The only part of the state where home sales increased was in the northeast, with a jump of just over 3.5 percent.

January is traditionally hard month for sales, with low temperatures and snowy weather often discouraging many buyers. WRA officials say they expect the market will improve as spring draws near and the weather warms up.

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Filed Under: Business, News



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