State home sales and prices fall in 2nd quarter
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Homes sales and home prices fell in Wisconsin during the second quarter, compared to the second quarter of 2008, according to a report from the Wisconsin Realtors Association.
Home sales in the state were down 10.5 percent during the second quarter, which exceeded the 5.3 percent decline in the Midwest and 2.9 percent national decline for the quarter. However, the state's first quarter decline was an improvement from its 19.2 percent decline for all of 2008, compared to 2007, and the 22.6 percent decline in the first quarter of 2009, compared to the first quarter of 2008.
"It is encouraging to see the pace of the contraction of Wisconsin home sales moderate," said Michael Mulleady, chairman of the board for the Wisconsin Realtors Association. "This is the first indication that we may be getting ready to turn the corner on real estate in the state."
