Nearly 12 percent increase in Wisconsin home sales
Updated On: Mar 19 2013 06:23:28 PM CDT
Homes sales in Wisconsin rose for the 20th consecutive month in February.
A report by the Wisconsin Realtors Association says sales increased nearly 12 percent compared to last February. The central region of the state saw particularly strong growth, with sales up 24 percent compared to last year.
Median home prices rose to $122,000 in February. That's a 6 percent increase over a year ago. While the majority of homes in Wisconsin sell between April and September, association board chairman Renny Diedrich says winter sales did pretty well.
December, January and February sales increased 14.5 percent compared to the same period in 2012.
La Crosse realtors say both consumer and seller confidence is up and lending is getting better.
Along with home sales the median sales price is also rising.
Realtors say although we're not back to where we were before the crash, we're getting there.
"I truely believe and I think a lot of my fellow realtors will confirm this to is that the worst is behind us. tge lax county, year to date this yera versus last year, our sales are up 20.4 percent, which is huge," said Mike Pietrek, La Crosse Area Realtors Association.
The best news could be yet to come, the majority of homes in Wisconsin sell between April and September.
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