Homes sales down, median prices up in Wisconsin
Wisconsin's existing home sales declined in July, but median prices for homes continued to rise, according to a news release from the Wisconsin Realtors Association.
Home sales fell 2.4 percent last month compared to July 2013, and median prices rose 2.4 percent to $158,700 that same period according to the most recent housing market report released by WRA.
Report data for Walworth County showed 822 home sales this year, compared to 845 for the same period in 2013, a drop of 2.7 percent.
The median home price in the county for the year to date is $163,000, comparted to $155,000 for the same period in 2013, an increase of 5.2 percent.
WRA President Michael Theo said interest is increasing among young buyers. A recent survey of buyers and sellers conducted by the National Association of Realtors revealed that 38 percent of homes sold to first-time buyers, which is close to the historical average of 40 percent.