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Home sales in Wisconsin drops in February

MADISON, WI (WTAQ) - The coldest winter in decades kept Wisconsin home sales down for a second straight month.

The state's Realtors Association said Monday that its members sold 3,315 existing homes in February. That's down about 10 percent from the nearly 3,700 sold the previous February.

Meanwhile, prices continue to go up. The median resale price for a home last month was $130,000, up almost 7.5 percent from the same time the year before.

Realtors' association chairman Steve Lane said the rising prices affected home sales -- as did the weather and higher interest rates.

The group says February is normally one of the slowest months for home sales, accounting for about 5.5 percent of all sales throughout the year.

(Story courtesy of Wheeler News Service)