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Home sales up in Wisconsin, prices down

A for sale sign stands in front of a condo at 902 N. Commerce St. in Milwaukee recently. Wisconsin home sales rose nearly 11 percent in January. (Staff photo by Kevin Harnack)

MILWAUKEE (AP) — Statewide home sales rose nearly 11 percent in January, a typically slow period for the housing resale industry.

According to the Wisconsin Realtors Association, the year-to-year increase last month was boosted by a nearly 23 percent increase in activity in northeastern Wisconsin. While sales rose, the median price of a home in Wisconsin fell from about $128,000 to $119,000. Generally, prices are still lower than they were before the recession.

Marquette University economics professor David Clark consults for the Realtors Association. Clark told the La Crosse Tribune that any significant improvement in the housing industry will depend on the state’s ability to add jobs.

Information from: La Crosse Tribune, http://www.lacrossetribune.com

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