Sales of Wisconsin homes rose 16 percent in March; prices up nearly 9 percent


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MILWAUKEE — The Wisconsin Realtors Association says sales of existing homes in Wisconsin jumped 16 percent in March, compared with the same time a year ago.

The median sales price rose almost 9 percent.

In a statement, association Chairman Dan Kruse says the housing market "is definitely heating up" heading into the prime home buying season.

The Milwaukee Journal Sentinel ( ) reports sales of existing homes in Wisconsin totaled 5,424 last month, up from 4,672 in March a year ago.

The association cites two key factors for the sales and price growth: more people with jobs and interest rates that continue to hover near historical lows.

Information from: Milwaukee Journal Sentinel,

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