Home Sales Rebound in Wisconsin

POSTED: Tuesday, June 19, 2012 --- 10:10 a.m.

MILWAUKEE (AP) -- The housing market continues to rebound in Wisconsin.

The Wisconsin Realtors Association says home sales climbed nearly 19 percent in May, compared to the same month last year. The association says it's the 11th consecutive month of double-digit increases.

The median home sale price also rose in May, albeit slightly. The median price is up 1.5 percent to $138,000 in May.

Jim Smith of W.E. Smith Realty Inc., in Appleton, says there's been a lot weighing on consumer confidence lately, including a tough job market and Wisconsin's recall elections. But lately, Smith says consumers, in particular first-time home buyers, have been more eager to own a home as prices dropped.

Association president Michael Theo tells the Milwaukee Journal Sentinel an improving job market is having an impact.


Information from: Milwaukee Journal Sentinel, http://www.jsonline.com

AP-WF-06-19-12 1456GMT

Copyright 2012: Associated Press

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