Home Sales Fall For Second Straight Month
Monday, May 21st, 2018 -- 10:24 AM
For the second straight month, home sales have fallen on a year-over-year basis even as strong demand has put upward pressure on home prices.April home sales were slightly off the pace of 2017, falling 0.4 percent in April 2018 relative to that same month last year, according to the most recent examination of the housing market by the Wisconsin REALTORS® Association.
The strong economy continues to fuel the existing home market, which has increased median prices 5.9 percent to $180,000 over the last 12 months. On a year-to-date basis, sales were up modestly, rising 1.6 percent compared to the first four months of 2017, and median prices rose 6.7 percent over that same period.
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