Wisconsin Housing Report — July 2025

Inventory Improvements Moderate Price Appreciation as Sales Flatten

July 2025 at a glance

• For the third straight month, median prices rose at an annual pace under 5%, and this coincides with a general improvement in inventory levels over the May through July period. Both total listings and months of available supply improved in each of those months relative to their levels a year earlier. 
• July existing home sales were relatively flat statewide, falling just 0.3% when compared to July 2024, and the median price rose to $337,125, which is a 4.5% increase over the last 12 months.
• Year-to-date home sales were up 0.5% compared to the first seven months of 2024, and the median price rose 6.6% to $325,000 over that same period.  
• Stronger inventory translated into strong sales growth in the more rural parts of the state, with inventory growth in the North region increasing 13% to 6.1 months of supply, and closed sales up 12% over the last year.
  Months of supply improved across all urban classifications, but the more urban areas remained a seller’s market in July 2025. The large metropolitan counties had 3.6 months of supply, whereas counties with smaller cities classified as micropolitan had 4.3 months of available supply in July. Finally, rural counties with a population of fewer than 10,000 residents were essentially balanced with 5.9 months of supply. 
• The average 30-year fixed mortgage rate fell 13 basis points from 6.85% in July 2024 to 6.72% in July 2025.  Mortgage rates have consistently remained in the 6.5% to 7% range over the last 12 months.
• Affordability remained low, improving just 1.7% since July 2024. The WRA has tracked Wisconsin affordability since 2009, and the July 2025 measure of affordability is only about 4.3% higher than the low benchmark established in June 2024. 

[Source: Wisconsin REALTORS® Association]