State Home Sales Continue Climbing
October saw an increase. Total sales in 2019 slightly trailing 2018 figures.
Wisconsin home sales grew for the second straight month in October, and the figure is now only slightly trailing last year’s sales.
This year’s sales have trailed those of 2018 for most of the year, but the gap has been narrowing this fall. The 2019 figures are now 1.5 percent behind last year.
“Realtors have fewer homes to work with, yet they’re able to move those homes a bit more quickly,” he said.
The median home price in October for Wisconsin rose 7.3 percent from last year to $195,900.
“When you have prices going up at well above the rate of inflation, that’s indicative of an overheated market,” Clark said. “And it’s driven by the fact that supply is so weak.”
Wisconsin Home Sales Continue Climbing In October was originally published by Wisconsin Public Radio.
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