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Sales of existing, new homes continue to see sharp increase from year ago

MADISON, WI (WTAQ) - Good news for the housing market in the state.

The Wisconsin Realtors Association says for the 23rd-straight month, home sales is on the rise - up 18.2% from a year ago.  New listings also saw an up-tick by 16.4%.

Marquette University professor and WRA consultant David Clark says the deep recession put a lot of first-time home buyers on the sidelines... until now. He adds the positive listing statistics is a good sign because demand will be met and keeps prices from getting out of hand.

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