Key points from the WRA on the Wisconsin Housing Report for March 2025.
Home Sales: Existing home sales fell by double digits in March as inventories remained tight. Wisconsin home sales fell 10.2% compared to sales in March 2024.
Home Prices: The median home price rose 3.7% over the past 12 months to $310,000, but this is only about a third of the pace of price growth seen in the first two months of the year.
Inventory: Inventory levels still remain below the balanced market benchmark of six months of available supply, with March inventory at 3.2 months, which is unchanged from March 2024. Total listings were relatively flat over the last 12 months, rising just 0.6% in March, whereas new listings fell 1.3% compared to March 2024.
Affordability: The Wisconsin median family income rose 7.7% between March 2024 and March 2025. This, combined with moderating price appreciation and a slight improvement in mortgage rates, helped improve statewide housing affordability. The average 30-year fixed mortgage rate was at 6.65% in March.
Chris DeVincentis, 2025 Chair of the Board of Directors, Wisconsin REALTORS® Association had this to say about positive signals evan as sales slip – “The moderating price appreciation, income growth and slight improvement in mortgage rates really helped on the affordability front. This is a good sign as we move into the peak season for sales. The ongoing challenge is the weak inventory levels that constrain home sales growth.”
Source data provided by the WRA
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