Buying or Selling in the Winter Traditionally summer is the hot time for buying and selling a home and once late November hits, home sales start to slow. During the winter months, many people stay indoors causing homes to sell slower due to fewer people being out. The holiday season is also a busy time […]
Key points from the WRA on the Wisconsin Housing Report for September 2023. Home Sales: Home sales dropped 18.4% between September 2022 (7,602 sales) and September 2023 (6,205 sales). Home Prices: The median home price for Wisconsin in September 2023 was $295,000, a 9.3% increase from September of last year. Affordability: Affordability continues to suffer […]
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 […]
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 […]