Industry News

Real estate sales surge in Wisconsin

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Sales of existing homes in Wisconsin for 2005 totaled an estimated 123,000 units, up 5.3 percent from 2004 levels based on the seasonally adjusted quarterly estimates of the National Association of Realtors. An analysis of MLS data by the Wisconsin Realtors Association reveals that four of the six regions in the state experienced solid sales growth in 2005 as compared to 2004; one region was only slightly higher than the record sales in 2004, and one region fell to a slightly lower level than was established in 2004. The strongest growth in the state was found in the North region, where existing-home sales in 2005 were 27.7 percent higher than in 2004. This region has seen very strong sales of second homes, and it is not uncommon to find sales increases in excess of 60 percent and higher in some counties. Few of the counties experienced reductions in sales volume over the period. Also strong was the South Central region of the state, where sales volume grew at a healthy 8 percent. W...