Group: Home sales rebound in Wisconsin

Officials say improving job market is helping
Group: Home sales rebound in Wisconsin

The housing market continues to rebound in Wisconsin, according to a real estate group.

Officials with the Wisconsin Realtors Association said 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, said there’s been a lot weighing on consumer confidence lately, including a tough job market and Wisconsin’s recall elections. But lately, Smith said consumers, in particular first-time home buyers, have been more eager to own a home as prices dropped.

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