Monday, February 18, 2008

Existing Vacant Home Sales Dropped Sharply in 07

"Year-end numbers released by the Wisconsin Realtors Association Thursday confirmed the expected: Sales of existing homes dropped off sharply in 2007, compared with 2006.The decline was even more pronounced in the fourth quarter.

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The association contended there was a silver lining in the figures which also showed that median home sale prices crept up slightly even as sales fell off.Wisconsin home sales declined last year by 10.8 percent compared with 2006, but median prices rose 0.2 percent to $164,000, according to the report.
Sales in the Midwest were also down by a similar margin, falling 10.5 percent over ".....Vacant Home Sales Dropped