Wisconsin Average Home Sales Gain At $11,000

The Wisconsin Realtors Association says the average sale price for a Wisconsin home in 2005 was about $11,000 higher than in 2004.

According to the group's report, homes in the state sold for $162,000 on average in 2005. That's up more than seven percent from the average 2004 price of about $151,000.

Economist David Clark at Marquette University says the higher price reflects higher demand over the last five years. He says it's because the state's job market remains solid and because mortgage rates didn't rise too much.

Across the nation, about seven million single-family homes were sold in 2005, at an average price of $213,000.

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