Wisconsin home sales in July up 17% while inventories fall

August 21, 2012

photo credit http://www.flickr.com/photos/scjn/5423307327/


“While the pace of the national economic recovery has been weak this year, Wisconsin home sales have rebounded nicely over the past year,” said Rob Keefe, Chairman of the WRA board of directors.  Wisconsin home sales are currently outpacing the nation. NAR is reporting second quarter growth nationwide to be 8.6% and Wisconsin’s second quarter sales compared to last year’s second quarter are up 21%.

Prices are stable.

Down slightly in South Central Wisconsin and North east Wisconsin.  Northern Wisconsin posted a price gain of almost 9% compared to last July. This could reflect that buyers have recognized the incredible opportunity to purchase higher end vacation homes with low-cost money now.

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