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Home sales in state rose nearly 20% in June


Sales and prices of existing homes in Wisconsin stayed on a solid upward trend in June, with year-to-date sales now at their highest level since 2006.

The Wisconsin Realtors Association reported Monday that home sales rose 17.6% in the state last month, from 7,891 to 9,277, while the median price climbed 6.3%, to $169,000 from $159,000 a year earlier.

Dan Kruse, chairman of the state Realtors Group, said it was the best June sales volume in 11 years.

For the first half of 2015, home sales were up 12.3% from the same span in 2014 and the median sale price was 6.9% higher.

David Clark, a Marquette University economics professor who analyzes the monthly sales and price data for the Realtors, said an improved job market and rumblings of a potential increase in interest rates are factors helping to drive the sales increase.

Read more: Home sales in state rose nearly 20% in June

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