Home sales last month were similar to sales last September. The latest numbers from the Wisconsin Realtors Association show a half a percent increase in September sales for northern Wisconsin. Meanwhile sales statewide fell slightly by just two tenths of a percentage point.
Economist Dave Clark says it’s good news that the market is keeping up with last year’s strong sales.
For the fifth month in a row Wisconsin’s housing market is looking sluggish compared to last year.
Numbers from the Wisconsin Realtors Association show statewide sales fell almost seven percent in May, compared to 2013. In the Northern part of the state sales dropped by less than four percent, though the region has seen slower sales for 2014 as a whole.
Marquette University Economist David Clark says the May numbers reveal that the weather hasn’t been the only factor dampening home sales this year.
Homes prices in some northern counties are not quite keeping pace with the rest of the state.
The Wisconsin Realtors Association says statewide, median home prices went up almost eight percent in the first three quarters of this year. But in Forest County, prices dropped almost 40 percent.
Dave Clark, economist for the Wisconsin Realtors Association, says don’t panic. Statistics in the northern part of the state tend to be more volatile. There’s a smaller dataset and a wider mix of the types of homes that sell from year to year.