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Wisconsin Realtors Association reports 4.5% increase in June home sales

MADISON, WI (WTAQ) - For the first time this year, the number of existing houses sold by Wisconsin Realtors was higher than the same month a year ago.

The Realtors Association said Monday its members sold just over 7,700 homes statewide during June -- 4.5 percent more than in June of 2013.

The median sales price was $159,900, 0.6 percent more than the year before.

Steve Lane, who chairs the board of the Realtors' group, called last month's sales "a welcome sign," noting that June is the biggest month for home selling in the Badger State. He said the housing market is headed in the right direction, and the Realtors' sales growth is "consistent with other economic signals we're seeing."

All parts of Wisconsin reported gains in sales. However, Lane said the improvement for June would not completely erase reductions in sales during the first part of the year.

Total home sales were down by almost 5 percent during the first six months of 2014.

(Story courtesy of Wheeler News Service)

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