Weak inventories limited sales of existing homes and drove prices up significantly. July 2023 closing declined 20.8% compared to July 2022. Sales were down between 16.7% and 25.2% throughout all regions compared to July 2022, but regional price appreciation was more variable. The median home price rose to 300,000, a 7.5% increase from last year. […]
Tight inventories have continued to keep sales low and put strong upward pressure on prices. June home sales were at 7,047, a 20.4% drop from the levels in June 2022. The median home price rose to $304,000 in June 2023, which represents an 8.6% increase over the last 12 months. This is the first time […]
Home sales in May 2023 were 21.5% lower than those in May 2022 as a tight supply continues to drive up prices. The median price of homes in May 2023 rose to $294,000 rising 6.9% over the last 12 months. The average 30-year fixed mortgage increased from an average of 5.23% in May 2022 to […]
Here is a quick overview of the statewide real estate statistics for the month of April, courtesy of the Wisconsin REALTORS® Association. April 2023 home sales were 32.5% lower than April 2022. Given the average pace of sales over the last 12 months, we would need 20,987 additional homes available for sales to get a […]
Here is a quick overview of the statewide real estate statistics for the month of March, courtesy of the Wisconsin REALTORS® Association. Home sales fell 23.6% between March 2022 and March 2023. This is a consistent pattern seen in January and February. The median home price rose to $272,500, a 6.9% increase from last year […]