Wisconsin home sales decline 9 percent

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Associated Press, staff | May 21, 2014

MADISON — Home sales in Wisconsin dropped by 9 percent in April compared to last year.

Despite hopes for a spring turnaround, it marks the fourth consecutive month that sales have dropped compared to the previous year. The Wisconsin Realtors Association says unusually cold weather in February and March, combined with rising interest rates and home prices likely played a role in the decline.

Association economist David Clark tells the La Crosse Tribune another factor in the slump could be a tightening inventory of homes on the market. The state median price for a home in April was about $140,000.

In Walworth County, 115 home sales took place last month, compared with 114 in April 2013, according to WRA data.

The median price of homes sold in Walworth County in April 2014 was $160,000, compared with $167,450 in April 2013.

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