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Existing home sales up 9.2% in April statewide

MADISON, WI (WTAQ) - For the 22nd month in a row, the numbers of existing homes sold by Wisconsin Realtors went up in April.

The Realtors’ Association said Monday that its members sold almost 5,900 houses in April, 9.2 percent more than in April of 2012.

The median statewide price was $138,000, or $10,000 more than the same month the previous year.

For the first four months of this year, almost 11 percent more homes were sold than in the same period the year before. The median selling price rose 6.5 percent over the last 12 months.

Realtors’ CEO Mike Theo said the available supply of homes has dropped, and low mortgage rates are attracting more potential buyers. It adds up to what Theo calls “strong upward pressure statewide.”

Five of the group’s six regions in Wisconsin reported higher sales last month. Central Wisconsin was the only area with a decline.