Housing Market Banks Up in Northern Wisconsin

By KBJR News 1

February 20, 2013 Updated Feb 20, 2013 at 7:07 PM CDT

Superior, WI (NNCNOW.com)-- Lining the streets of Superior is an old housing inventory that home buyers are eating up.

"We're starting to see more activity in the market place," said Steven McConnell with Century 21 in Superior. "For example I had a couple of open houses over the last weekend and the foot traffic was non-stop."

It's safe to say that Douglas County, and the city of Superior are in the lead in Wisconsin's housing recovery.

"With interest rates being where they are, prices being where they are, rents being where they are, people are seeing the value in home ownership," said a confident McConnell.

Compared to January of 2012, Douglas County saw the number of home sales increase 47%.

The northern portion of Wisconsin saw a 32% increase, and state wide sales went up 18%

Locally, realtors credit a stable and hopefully expanding job base to such high numbers.

"We have new jobs in the works here in the Superior area with Kestrel hopefully bringing several hundred jobs and that's what fuels home buying," said Greg Running, realtor with Re/Max in Superior.

Fuel that will help ignite a housing comeback as more jobs roll in and more homes sell.

In 2012, the median price of a home in Douglas County was around 113,000.