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TAX CREDIT ENCOURAGES HOME SALES
Thursday, February 11th, 2010 -- 11:55 am
Posted by Riley Hebert-News Director
The numbers are in, and Wisconsin home sales in 2009 were slightly better than the year before.
The Wisconsin Realtors Association says there was a rally in the fourth quarter that helped push the final numbers above 2008. But, while homes were moving a little bit quicker, the median price of homes slipped about 7.7% from 2008, to $143,000.
There were 53,751 homes sold by realtors in the state last year, up less than 1% from 53,279 in 2008.
The group says the sales rally in the final period of the year was driven largely by people trying to take advantage of a tax credit of up to $8,000 for first-time homebuyers.
In Clark County, the median home price jumped about 4% in the 4th quarter to $78,750. The number of homes dipped 15% from 47 in 2008 to 40 last year. For the year, the median home price dropped 7.4% in the county from $81,000 in 2008 to $75,000 in 2009. Home sales dipped 2%.
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