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 […]