most recent statistical report released by the Wisconsin REALTORS® Association (WRA). The sale of existing homes in May increased 18.2 percent over last May, now the 23rd straight month of positive sales growth in Wisconsin.
In Lincoln County Home sales were up 7.7 percent for the month of May while the median price was up a solid 9.7 percent. “These are very positive signals and represent an uptick from the pace of sales established in the first four months of the year,” said Renny Diedrich, Chairman of the WRA board of directors.
Although continuing to slip, housing affordability remained solid in the state due in large part to low interest rates. Despite a relatively weak job market, the Conference Board’s Consumer Confidence Index has increased in each of the last two months, with the most recent release indicating that consumers are more optimistic about the future conditions of the economy and future job prospects.