As more people move out after living with friends and family during the recession, they are creating more demand for housing across the nation.
The National Association of Realtors said the average price of a home saw its biggest one-month gain since 2005, jumping nearly 12 percent in March to just more than $184,000.
Wisconsin’s home sales increased 3 percent in March, the 21st straight month of sales growth, according to a Wisconsin Realtors Association statement. Median prices grew 9.7 percent to $134,900.
In Dane County, the median price of a home rose 4.6 percent over the last year, while in Rock County, it was up nearly 2 percent.
The supply of available homes remains tight.
For more information on the housing market, you can go to https://www.wra.org/HSRMARCH2013/.