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Wisconsin housing market continues recovery


MILWAUKEE (WTAQ) - Wisconsin’s housing market is continuing its strong recovery.

The state’s Realtors Association said Tuesday that its members sold just over 6,400 existing houses in August.

That’s up 20 percent from the 5,300 homes sold in August of 2011.

The median selling price also kept rising. It jumped almost 3 percent over the last year, to $144,000 in August.

Home sales by Realtors grew nicely in every region of the state – from about 16 percent in central Wisconsin to 36 percent in the north.

For the first 8 months of the year, the Realtors said home sales were up by 21 percent across the Badger State – while prices rose 0.8 percent from the same period the year before.

Marquette economics professor David Clark says it’s clear that Wisconsin’s housing market is recovering. He said prices have, “bottomed out, barring a double-dip recession.”