Wisconsin recorded 7,712 home sales in June, an 8.1% increase from the 6,637 transactions recorded one year earlier. Last month marked Wisconsin’s first increase in June sales in four years.
According to the Wisconsin Realtors Association (WRA), new statewide listings rose 5%, total listings rose 4.7% and the months of available supply increased 8.1%. However, the state was still viewed as a seller’s market with only four months of supply. The median price of $340,000 was a 4.6% rise from the $325,000 recorded in June 2024.
In review of the first half of the year, the WRA found home sales were up by a scant 0.1% from the first six months of 2024 while the median price increased 6.7% to $320,000.
“This is the fourth straight month where median price appreciation has been moderate, with prices going up less than 5% annually in three of those four months,” said WRA President and CEO Tom Larson. “In contrast, the annual appreciation of median prices has exceeded 5% every month since June 2020 when we were in the depths of the pandemic. We hope this moderation in prices is a trend rather than an aberration.”
I grew up in Wisconsin and went to the University of Wisconsin-Milwaukee class of (1976). Moved to Californian in after graduation and obtained my real estate license in 1977 and have been a Realtor here ever since. Was the broker/owner of the oldest independent real estate office in Tustin California Redhill Realty for 10 years and then a Remax office broker/owner for another 33 years. Loved growing up in Wisconsin with all the midwest values but also appreciate the Southern California weather and California commissions. Currently own 4 duplexes in Wausau so I am rooting for Wisconsin real estate appreciation.