By Paul Schmitt
January home sales in Wisconsin were up considerably and area real estate agents are optimistic that the trend will continue. According to the Wisconsin Realtors Association, there were 3,971 closings on homes last month. That reflects a nearly three percent increase over last January. Michael Bultman of Town & Country Real Estate in Kewaunee says that although interest rates are creeping upward, it’s still a seller’s market.
The average sale price of a home in January was $168,500 which was over $10,000 more than it was in the same month last year. Bultman says the real estate market could use more inventory but that the increasing value of homes and properties is good news for sellers.