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Home sales hold steady across state

A for sale sign stands in front of a home Tuesday at 1012 E. Pleasant St., Milwaukee. Home sales in the state increased 9 percent last month. (File photo by Kevin Harnack)

A for sale sign stands in front of a home recently at 1012 E. Pleasant St., Milwaukee. Wisconsin’s housing prices rose about 3 percent in the past year. (File photo by Kevin Harnack)

MILWAUKEE (AP) — Wisconsin’s housing prices climbed slightly in September as the level of home sales remained about the same compared to a year ago.

The latest figures from the Wisconsin Realtors Association show housing prices rose about 3 percent. The median price of a home rose from about $144,000 to nearly $149,000.

Association president Michael Theo tells the Journal Sentinel that Wisconsin is in a bit of a holding pattern in terms of existing home sales, much like the rest of the country, but median home prices have grown at a healthy pace.

The housing market was among the hardest hit sectors of the economy when the 2008-2009 recession hit, so economists pay close attention to its recovery.

Information from: Milwaukee Journal Sentinel, http://www.jsonline.com

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