State home sales down 11.6% in April

Home sales in Wisconsin dropped for the fourth consecutive month in April, according to the latest report from the Wisconsin Realtors Association.

Existing home sales during the month were down 11.6 percent compared with April 2013.

“As we enter the second quarter of the year, we have been expecting some improvement in home sales, but it’s important to remember that April sales are still impacted by the February weather given the six- to eight-week lag between the time an offer is accepted and a closing takes place,” said Steve Lane, Wisconsin Realtors Association board chairman.

The number of homes sold in southeastern Wisconsin in April was down 10.1 percent to 1,991.

Although the number of homes sold was down in April, the average median price saw a slight increase for the second straight month, rising 1.4 percent to $139,900.

April median home sale prices in southeastern Wisconsin:

– Kenosha County, $122,500 (up 11.4%)
– Milwaukee County, $118,500 (up 7.7%)
– Ozaukee County, $224,900 (up 4.6 %)
– Racine County, $117,900 (up 2.3 %)
– Waukesha County, $228,200 (down 0.1%)
– Walworth County, $160,000 (down 4.4%)
– Washington County, $168,700 (down 5.5%)
– Sheboygan County, $114,900 (down 8.1%)

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