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Home sales steady in Wisconsin

Home sales steady in Wisconsin
Posted October 22nd, 2013 @ 10:01am by Associated Press

MADISON, Wis. (AP) _ Wisconsin home sales increased nearly 16 percent in September compared the same time last year and topped sales nationally.

The median price of a home in Wisconsin also increased. The price rose 6.7 percent to $144,000. Sales across the U.S. increased nearly 11 percent compared to September 2012.

Marquette University economics professor David Clark says Wisconsin home sales have shown steady growth, rather than strong swings either way. Homes sales have risen for 27 consecutive months in Wisconsin.

Wisconsin Realtors Association Board Chairman Steve Lane says the state has experienced steady growth even though mortgage rates have increased nearly a full percentage point compared with the same time last year.

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