Let’s take a look at how the Wisconsin housing market shaped up in May. The number of home sales in May 2020 was 6,440, which was a decrease of 25.8% compared to May 2019. Statewide listings were down 19.8% to 27,202 while the median single-family home price rose 6.2% to $214,000. Houses were selling just as quick this May compared to last May. On average, homes were on the market for 97 days, which is the same rate as May of 2019.
WRA Chairman Steve Beers said that a drop in home sales was expected beginning in May due to the National Emergency and the Safer at Home order. He also stated the re-opening of the state economy should help in terms of home sales.
Source data provided by the WRA
Curious about the value of your home?
Try out our Automatic Valuation Tool
You can get 3 instant home valuations just by entering your address at FirstWeber.com. Then, contact your agent to talk it over for their opinion.
First Weber sells real estate throughout Wisconsin: Metro Milwaukee and Southeastern WI, South Central Wisconsin/Greater Madison, Central Wisconsin, Southwest WI, Western WI, parts of MN, Michigan’s U.P., Northeast Wisconsin and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com