Wisconsin home sales rise 18% in May - WAOW - Newsline 9, Wausau News, Weather, Sports

Wisconsin home sales rise 18% in May

MILWAUKEE (AP) - Home sales in Wisconsin continue to rise.

The Wisconsin Realtors Association says May sales are up about 18% compared to the same month last year. It's the 23rd consecutive month of growth.

Prices are up as well. The Journal Sentinel (http://bit.ly/13NRCFt ) reports the median price last month was $144,000. That's up 4.3% from a year earlier.

The number of homes on the market has also increased. New listings rose by about 16% statewide, compared to May 2012. Marquette University economics professor David Clark says home owners who previously tried selling their property and were unsuccessful are getting back into the market.

 

Information from: Milwaukee Journal Sentinel, http://www.jsonline.com

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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