The lack of homes for sale in March caused existing home sales to drop and prices to rise, despite a very strong state economy, according to the most recent analysis of the Wisconsin existing home market by the Wisconsin REALTORS® Association (WRA). With year-over-year inventories down 17.1 percent, sales slipped 2.3 percent in March 2018 compared to March 2017, while prices rose 7 percent to $174,900 over that same period. On a year-to-date basis, sales were up 2.1 percent, and median prices rose 6.3 percent relative to the first three months of 2017. The WRA say that even though the unemployment rate remains at an all-time low at 4.1%, the lack of homes on the market skew the numbers.
March Home Sales Down, WRA Blame Lack of Inventory
Apr 26, 2018 | 8:30 AM
Local News, State News