The number of homes sold in Wisconsin dipped 2.2 percent in 2018, compared to 2017, according to the latest report from the Wisconsin Realtors Association.
Despite the dip, 2018 still had the third most home sales in the state since 2007, the WRA said.
“We had a very solid year for sales, even though we had weak inventories again in 2018,” said WRA chairwoman Jean Stefaniak. “With the exception of higher-priced homes, supply has been very low, giving sellers the clear advantage in most of the markets across Wisconsin.”
The prices of homes sold in the state rose 7 percent in 2018 to an average of $184,000. The low inventory levels of homes for sale contributed to the rise in prices, the WRA said.
Read more in BizTimes Milwaukee.