© 2022 WXPR
Mirror of the Northwoods. Window on the World.
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Business & Economics

Home Sales Up In Northwoods In April

house-435618_640.jpg
pixabay.com
/

An improving economy is helping fuel a growth in home sales and prices in Wisconsin.

The Wisconsin Realtors Association reported sales in April of this year were up 16 percent from last year and median prices were about 10 percent higher than one year ago.

Economist David Clark says a combination of more people working, relatively lower cost housing and one other factor all lead to more homes being sold...

"...as you look at the level of interest rates in April, they were about 3.7 percent for a 30-year fixed rate mortgage....

In the Northwoods, the median price is about $111,000, up more than one percent from a year ago. The sales volume was also up by nearly 14 percent from 2014 at 1, 506 units sold in 18 counties.

Related Content