Wisconsin home sales are looking solid to start off in 2021! The number of home sales in January 2021 was 4,659, which was an increase of 9.8% compared to January 2020. Statewide listings were down 35.8% to 15,423 while the median single-family home price rose 10.5% to $210,000. Houses sold quicker this January compared to last January. On average, homes are on the market for 91 days, which is 15.7% less time than January of 2020.
With January typically being the slowest month of the year, 2021 really started off on a high note given the number of home sales compared to last year. According to WRA Board Chair, Mary Duff, it’s not likely we will continue to see a record pace for home sales unless inventory improves. Mortgage rates continue to be very low, which is fueling the demand for homes.
Source data provided by the WRA
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