Home sales in Wisconsin started off the year strong, as did the median price on homes.
Just under 3,800 homes were sold in the state last month – a 1.7-percent increase over January of 2016. A report from the Wisconsin Realtors Association (WRA) also shows the median sales price for a home sold in the state last month was 158,000 – an increase of 6.4 percent from a year ago.
WRA board chairman Erik Sjowall says home sales have been pushed by low mortgage rates and Wisconsin’s low unemployment rate, which stood at 4 percent in December. The rise in prices is attributed, in large part, to a tight inventory in the state’s housing market.