Wisconsin Real Estate Report – May 2020

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

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