December wasn’t a great month for home sales in northern Wisconsin, but the region still managed to exceed its total sales volume from the previous year.
Sales in northern Wisconsin dropped by more than 7 percent in December compared to that month in 2013. But this part of the state came out ahead when looking at the year as a whole, with sales up about one percent according to the Wisconsin Realtors Association.
Those gains are the strongest of any region in Wisconsin.
Average statewide sales lagged a little, with sales volume down about one and a half percent for 2014, as economist Dave Clark explains.
“But that still gives us the second-best year for sales volume since 2006, which is the last year since the recession began. So all in all, it was definitely a solid year for housing.”
Clark says factors like low interest rates, affordable housing indicators, and GDP growth are looking good for another strong year in 2015.
