Wisconsin Real Estate Report – May 2022

Here’s how the real estate market shook out in May 2022! Statewide listings were down 15.0% to 19,488 while the median single-family home price rose 11.8% to $275,000. In May 2022 there were 7,222 homes sold, which was a decrease of 5.6% compared to May 2021. Homes continue to sell quicker including this last May. On average, homes are on the market for 63 days, which is 13.7% less time than May of 2021.

Affordability has become more challenging as mortgage rates and home prices increase. Even though mortgage rates and home prices are trending upwards, “eventually demand pressure will moderate, and this will reduce the seller’s advantage in the market” according to Michael Theo, President & CEO of Wisconsin REALTORS® Association.

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.

Founded in 1971, First Weber Realtors® is a part of HomeServices of America, the nation’s largest provider of total home services. With 60 offices and more than 1,400 real estate professionals, First Weber is consistently number one in Wisconsin for unit sales and real estate sales volume. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com  

Subscribe via email for blog updates