Home sales in Wisconsin are up for the first time this year: June home sales were 4.5 percent higher than sales from the same time last year, according to new numbers from the Wisconsin Realtors Association.
WRA President and CEO Mike Theo said the uptick comes after months of sluggish sales.
“It was important that June recover because June is when we sell the most homes here in Wisconsin,” said Theo. “Almost 11.5 percent of all sales that we’ll have in existing homes this year happens traditionally in the month of June.”
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The lagging sales for the early months of 2014 can be blamed on the long, cold winter, Theo said.
As sales have risen, foreclosures around the state have been in steady decline — residential foreclosures were down 22.5 percent for the first six months of the year, compared to the same months of 2013.
The best buyers’ market right now is in the rural areas of the Wisconsin, where inventories are particularly high.
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