Northwoods growth not as rapid
3:00 pm
Tue September 24, 2013

Home Sales Continue To Rise

Homes sales on the rise
Homes sales on the rise
Credit invest-smart.org

Home sales and prices in Wisconsin continue to rise though the Northwoods isn't rising as fast as some regions.


Economist David Clark works with the Wisconsin Realtors Association...


 



"...when you look at August, the existing state sales were up about 13 percent and that's a good solid number in a month(August) that is a pretty high-volume month...median prices were up about 6.3 percent..."


In the Northwoods, Clark says sales and prices in August weren't as robust as the rest of the state...


 



"....the northern part of the state tends to be a bit more volatile. There will be a month when their sales volume outstrips the statewide average by quite a bit, then there are other months when they are weaker. So we expect some volatility there.....


During the recession the Northwoods was still seeing lake homes selling.


The average median price here was essentially unchanged from July at about $115,000 while sales volume grew by more than 300 units compared to a year ago to at 4,040 units.


The average price of a sold home was $172,000 in Vilas county, $136,000 in Oneida, $71,000 in Langlade, $82,000 in Lincoln and $80,000 in Forest county.