Wisconsin Home Sales inch up, Prices Down

By: Associated Press
By: Associated Press

MILWAUKEE (AP) -- Home sales in Wisconsin rose slightly last year. But, prices for those homes dropped about 6.5 percent.

Real estate experts say the sale of distressed properties are weighing on the price of existing homes, and probably will continue to do so in the near future. Real estate agents sold about 51,500 houses last year in Wisconsin -- up about 120 homes from the previous year. The median price was $132,000 -- down from $141,000 the year before.

Wisconsin Realtors Association president Mike Theo tells the Journal Sentinel it continues to be a buyer's market with a large inventory of homes for sale.

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