Industry News

Real estate heats up Wisconsin

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Wisconsin home sales set an all-time record high in 2003 with an estimated 119,000 homes sold, according to the Wisconsin Realtors Association. The sales record set in 2003 occurred despite sales moderating in the fourth quarter. A seasonally adjusted total of 30,250 homes were sold in the state between October and December of 2003. "While the growth rate was just 0.4 percent when compared to the fourth quarter of 2002, we need to remember that the fourth quarter of 2002 was a record quarter as well," said WRA chairman of the board Walter "Corky" Hellyer. "Thus, even if home sales leveled off, they did so at a very high level." With the exception of the south central region of the state, which was flat, all other regions experienced slow to moderate growth in existing-home sales for the fourth quarter. The fastest growing region was the west, which grew at 7.1 percent in Q4 2003 as compared to the Q4 2002. Several counties in the region experienced substantial growth over the p...