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Business & Economics

Northwoods Home Sales Follow Upward State Trend

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Wisconsin's housing market could set a record high this year according to an analysis by Wisconsin Realtors Association. September home sales were up 7 percent from one year ago.

Association spokesperson...economist David Clark...says more and more homes are being sold...

"...last year we had about 76,000 sales. This year we're on pace for about 80,000 sales. It's definitely been a strong year for sales....."

Clark says a stable economy is helping to fuel more home sales...

"....overall we have modest inflation. The price of housing is are keeping pace with inflation and a slightly higher rate than that. Our housing continues to be affordable...."

Clark says the demand is also pushing prices up.

In the Northwoods, sales were up four percent from 2015, and the median price was also 5 percent higher. The statewide median price as also up nearly 5 percent from 2015.

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