RHINELANDER - This year seems to be off to a good start for the housing market here in Wisconsin.
A new report shows the first half of 2016 was the strongest since before the Great Recession.
The Wisconsin Realtors Association says home sales in the first six months of this year were up 5.5 percent compared to last year.
More sales were closed across the state last month than any month since before 2005.
But you shouldn't forget markets can vary depending on where you live.
"In general, the market is up," said First Weber Broker Associate Christy Schneider. "We're doing well, but really a realtor needs to look at a specific property and compare it to the other property in those same niches."
Schneider says generalizing prices is tough to do in the Northwoods.
That's because there are so many different types of property ranging from waterfront to acreage to city lots.
Median prices last month were the highest for June since before 2005.
The 3.8 percent increase from that time last year could be due to a couple of factors.
"That price could be calculated based on the most recent list price, not the original price," Schneider said. "Also, the inventory is down, so we're selling some of the leftover inventory."
Right now, there are also fewer foreclosures on the market.
June tends to be a strong month for sales statewide.
A lot of second home buyers in the Northwoods usually look during the summer, but don't always buy right away.
|Story By: Anthony DaBruzzi