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Milwaukee metro area has 24% jump in November home sales


MILWAUKEE (WTAQ) - Wisconsin’s largest metro area had another big increase in home sales last month.

The Milwaukee area’s Multiple Listing Service reports a 24 percent increase in sales of existing houses in November, compared to a year ago.

Realtors sold just over 1,200 homes last month in Milwaukee, Waukesha, Washington, and Ozaukee counties. That’s 234 more than in the same month of 2011.

For the year as a whole, the MLS says home sales are up almost 26 percent.

Realtor Beth Jaworski says there’s been a pent-up demand that was stalled during the recession and its aftermath – and there are a lot more home buyers this year than last.

If the current trend continues, industry leaders say the Milwaukee region will have its highest number of home sales since 2007.