The number of homes on the market is making it more difficult to sell homes, and that could continue to be the case for a while.
Economist David Clark of the Wisconsin Realtors Association doesn’t expect to see inventories climb in the short term. He says hopefully new construction will pick up.
He also expects that baby boomers will start moving out of single-family homes at some point.
Right now inventories are down 14 percent from a year ago, and 45 percent from 2011. The tight market is driving up prices.
The median price is 29 percent higher than in 2011.
