Posts from: Market Insight

 April 2023 at a glanceAs we move closer to the prime homebuying season, low inventories continue to affect the housing market. April 2023 home sales were 32.5% lower than April 2022, and the median home price rose 6.8% to $283,000 over that same 12-month…

 March 2023 at a glanceLow inventories kept March sales low and contributed to strong price pressure over the past 12 months. Existing home sales fell 23.6% between March 2022 and March 2023, whereas the median home price rose 6.9% to $272,500 over that 12-month…

 February 2023 at a glanceWisconsin existing home sales continued their slide, with sales falling by a significant margin for five straight months. Homes sales fell 28.1% in February 2023 compared to February 2022, and the median price rose 11.7% to $262,500 over that…

Wisconsin Housing Report — January 2023

 November 2022 at a glanceFor a second straight month, existing home sales fell by a substantial margin due to a combination of falling demand and ongoing weakness on the supply side. November home sales slid 31.7% compared to November 2021. Although demand moderated…

 October 2022 at a glanceHome sales fell in October by the largest margin all year as mortgage rates approached 7% and inventories continued to fall relative to 12 months earlier. Existing home sales slid 28.1% compared to October 2021. Tight inventory levels continued…

Existing home sales continued their year-over-year decline as inventories tightened and mortgage rates rose in August. Existing home sales fell 10.4% over the past 12 months, and the median price rose to $271,000 in August 2022, which is an increase of 8.4% compared to…

  July 2022 at a glanceA combination of tight inventories, rising mortgage rates and a second straight quarter of contraction in the economy led to markedly lower home sales in July 2022 compared to July 2021. Existing home sales slid 19.2% over the past 12…

June 2022 at a glanceDeclining state inventories continued to hinder sales while driving home prices higher. Existing home sales fell 11.1% in June 2022 compared to June 2021, and the median price rose to $280,000, a 9.4% increase over that same period.June is routinely the…

 Wisconsin Housing Stats: May 2022Rising Prices and Mortgage Rates Drive Affordability DownTight inventories kept Wisconsin home sales down in May.The Wisconsin median home price was $254,900 in May.Months of inventory fell 13.3% in May 2022 vs. May 2021.Home sales…