Wisconsin Real Estate Report – June 2022

Check out how the real estate market looked in June! Statewide listings were down 14.4% to 20,802 while the median single-family home price rose 9.4% to $280,000. In June 2022 there were 8,526 homes sold, which was a decrease of 11.1% compared to June 2021. Homes continue to sell quicker including this last June. On average, homes are on the market for 60 days, which is 11.8% less time than June of 2021.

As we pass the halfway point of 2022, market inventory remains low and mortgage rates are expected to rise. According to Dave Clark, Marquette University Economist and WRA Consultant, “the Fed is likely to increase its upward pressure on short-term interest rates to lower these strong inflationary pressures. A full 1% increase of the Federal Funds Rate is increasingly likely in the late July meeting of the Fed’s Federal Open Market Committee.”

Source data provided by the WRA

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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  

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