Wisconsin home sales looked solid in November. The number of home sales in November 2020 was 7,581, which was an increase of 15.2% compared to November 2019. Statewide listings were down 30.9% to 20,242 while the median single-family home price rose 15.8% to $223,000. Houses sold quicker this November compared to last November. On average, homes are on the market for 81 days, which is 11.0% less time than November of 2019.
November marks the eighth straight month of record-breaking mortgage rates. Despite a rise in median home price, these record-low mortgage rates have been a driving factor in the increase of home sales. If you’re looking for a home, search thousands of listings on firstweber.com!
Source data provided by the WRA
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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