Key points from the WRA on the Wisconsin Housing Report for August 2023. Home Sales: We continue to see weaker sales and higher prices in the Wisconsin market even as the inventory situation improved slightly. Home sales for the month of August declined by 18.3% since August 2022 sitting at 6,889. Home Prices: The median […]
The First Weber Rhinelander Office hosted a pulled pork lunch fundraiser on September 15th to benefit the Northwoods Veterans Homestead, raising over $1800. The First Weber Foundation will match the donations (up to $2,500) for the event. The Northwoods Veteran Homestead is a 501(c)3 organization dedicated to helping Wisconsin’s homeless veterans. The event was featured […]
Weak inventories limited sales of existing homes and drove prices up significantly. July 2023 closing declined 20.8% compared to July 2022. Sales were down between 16.7% and 25.2% throughout all regions compared to July 2022, but regional price appreciation was more variable. The median home price rose to 300,000, a 7.5% increase from last year. […]
Tight inventories have continued to keep sales low and put strong upward pressure on prices. June home sales were at 7,047, a 20.4% drop from the levels in June 2022. The median home price rose to $304,000 in June 2023, which represents an 8.6% increase over the last 12 months. This is the first time […]
Home sales in May 2023 were 21.5% lower than those in May 2022 as a tight supply continues to drive up prices. The median price of homes in May 2023 rose to $294,000 rising 6.9% over the last 12 months. The average 30-year fixed mortgage increased from an average of 5.23% in May 2022 to […]