Key points from the WRA on the Wisconsin Housing Report for June 2024. Home Sales: There was a 10.5% decline in June home sales over the past 12 months. Two factors of this were new listings falling and high mortgage rates. Still, Wisconsin’s growth in home sales was solid at the halfway point of the […]
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 […]
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 […]
Here is a quick overview of the statewide real estate statistics for the month of April, courtesy of the Wisconsin REALTORS® Association. April 2023 home sales were 32.5% lower than April 2022. Given the average pace of sales over the last 12 months, we would need 20,987 additional homes available for sales to get a […]