Wisconsin home sales dropped sharply in April, according to the Wisconsin Realtors Association.
The number of sales for April 2017 dropped over 10 percent compared to the same month last year, pushing median sale prices up to $171,000, a 6.9 percent increase compared to the same period.
There were 50,258 homes on the market in April 2015. That dropped to 43,516 in April last year, and now is at only 36,173 homes in April 2017 — a 28 percent decline in about two years.
WRA Board Chairman Erik Sjowall says “eventually the lack of supply catches up with you, and that’s exactly what’s happening here.”