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Economy & Business

Statewide Home Sales and Prices Up Again in August

Home sales statewide delivered another strong showing last month, besting year earlier figures by 13.7 percent.August continued a string of month over month growth in home sales statewide.  Sales have now increased for 26 straight months. Median prices statewide rose 6.3 percent in August to $152,000. Existing home sales were up in every region of the state according to data compiled by the Wisconsin Realtors Association. The largest margins were recorded in South Central Wisconsin at 18.4 percent and in the South East region at 14.5 percent compared to August of 2012. Michael Theo, WRA President and CEO attributes the positive figures to improvements in the economy. "Our appreciating home values are due to a combination of moderate job growth, shrinking inventories and less shadow inventory of potential foreclosures," Theo said.