Wisconsin home sales continued to grow at a robust pace with sales of existing homes up 19.3 percent in June over June of last year, according to the most recent monthly report by the Wisconsin REALTORS(R) Association (WRA), continuing a pattern that began last summer. Since the beginning of the year, home sales were up 20.6 percent. The report also showed June median home prices increased 1.4 percent to $142,000 relative to the same month last year which is the fourth straight month of increasing median prices.
“In a national economy that has not yet seen the kind of growth rates that typify most economic recoveries, it’s encouraging to see such strong growth in home sales over the last 12 months,” said Rob Keefe, Chairman of the WRA Board of Directors. He pointed out that in a normal seasonal pattern in Wisconsin, over 42 percent of our sales take place between May and August, and June is the most active month. “About 12 percent of home sales each year typically take place in June,” Keefe said.
“This year seems to be no exception with healthy June home sales remarkably consistent throughout the state,” said Keefe. The WRA report shows sales up in all regions between 16.9 percent and just over 21 percent, with sales strongest in the south central and northeast regions, both of which grew at about 21 percent compared to June 2011. This was followed by the southeast region which grew 19.2 percent over the period. Finally, the north, west and central regions saw their home sales increase approximately17 percent in June compared to June of last year.
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