Posted Tuesday, February 21, 2012 --- 6:25 a.m.
MILWAUKEE (AP) -- Statewide home sales rose nearly 11 percent in January, a typically slow period for the housing resale industry.
The Wisconsin Realtors Association says the year-to-year increase last month was boosted by a nearly 23 percent increase in activity in northeastern Wisconsin. While sales rose, the median price of a home in Wisconsin fell from about $128,000 to $119,000. Generally, prices are still lower than they were before the recession.
Marquette University economics professor David Clark consults for the Realtors Association. Clark tells the La Crosse Tribune (http://bit.ly/yaaTi8) that any significant improvement in the housing industry will depend on the state's ability to add jobs.
Information from: La Crosse Tribune, http://www.lacrossetribune.com
Copyright 2012. The Associated Press.