Wisconsin home sales slip in January but prices rise - WAOW - Newsline 9, Wausau News, Weather, Sports

Wisconsin home sales slip in January but prices rise

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MILWAUKEE (AP) -

MILWAUKEE (AP) -- Wisconsin home sales slipped in January but median prices continued to rise.

According to a housing market analysis by the Wisconsin Realtors Association, home sales in Wisconsin dropped 3.7 percent last month compared with the same time last year.

But the organization's chairman, Dan Kruse, notes that January is typically the group's slowest month for home sales.

Generally, January home prices account for about 5 percent of all sales in a year in Wisconsin, as home sales slow in the winter months.

The Milwaukee Journal Sentinel reports median housing prices in Wisconsin continued their three-year trend upward, rising 34 of the last 35 months. The figure rose 6.5 percent in the past 12 months, from about $127,000 in January 2014 to $135,000 last month.

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