MILWAUKEE (WTAQ) - For the first time this year, home sales in Wisconsin's largest metro area are down from the same month the previous year.
Just over 1,100 existing houses were sold in November in Milwaukee, Ozaukee, Waukesha, and Washington counties. That's eight-percent fewer than in the same month of 2012.
Mike Ruzicka, who heads the Greater Milwaukee Association of Realtors, said the early cold weather might have been a factor. He also cited a smaller inventory, as listings for home sales were down 8 percent from the previous November.
Still, Ruzicka said the Milwaukee area housing market had a solid year. That was confirmed by a separate report Wednesday from MTD Marketing Services, which said building permits for new homes were up by almost 6.5 percent from last year in five Wisconsin metro areas.
Almost 250 building permits for one and two-family houses were issued last month in the Milwaukee, Dane County, Fox Valley, Green Bay-Door County, and Racine-Kenosha areas. All five areas had increases in building permits.
(Story courtesy of Wheeler News Service)