Large increases in real estate sales

Large increases in real estate sales

Wisconsin home sales have increased 5.5% in the first half of 2016 and this year is the best year for the market since 2005.

Reported by Milwaukee Business Journal: 

The statewide median sales price is up 4.5 percent this year.

“Home prices have been rising since the spring of 2012,” said WRA president and CEO Michael Theo. “Our prices are 23.2 percent higher than where they were in June of 2012, clearly outpacing inflation over that period.”

The northeast Wisconsin region is showing the largest increases in sales. They are up 7.2 percent over the first half of the year.

Southeast Wisconsin, the eight-county region that accounts for more sales than any other area, saw sales increase by 6.6 percent in the first half of 2016. The region counted 13,890 sales during that period, 862 more than the first half of last year. The region’s median sales price reached $170,000, a 1.8 percent increase.

 Read full story here.