Wisconsin home prices jump, despite March sales drop – Washington Examiner
The summary discusses the recent trends in the Wisconsin housing market. Despite a significant drop in home sales of 10.2% year-over-year in March 2025 compared to March 2024, home prices continue to rise, wiht a median price increase of 3.7% to $310,000. This trend reflects a greater issue of low inventory, as the number of homes for sale has hardly changed, with total listings only slightly increasing by 0.6%. The first quarter of 2025 also showed a slight decline in sales,down 0.8% compared to the previous year, while the median price increased by 7.3%. Real estate agents indicate that the continued lack of available listings is a significant challenge for buyers. However, there is a sense of adapting to higher mortgage rates, which may encourage stable buyer demand as they look forward to the peak sales season.
Wisconsin home prices jump, despite March sales drop
(The Center Square) – Home prices in Wisconsin continue to go up, and there continue to be fewer homes for sale.
The March report from the Wisconsin Realtors Association shows a double-digit drop in home sales and a nearly 4% increase in the median price in the state.
“Wisconsin home sales fell 10.2% compared to solid sales in March 2024,” the report noted. “[And] the median price rose 3.7% over the past 12 months to $310,000.”
The median price is statewide, and homes in the Madison and WOW counties areas are much higher.
Wisconsin’s price increases and number of homes for sale are not just a March problem, the report points out. March was also the end of the first quarter of 2025, and the numbers show a trend.
“During the first three months of 2025, sales were down slightly, falling 0.8% relative to that same period in 2024,” the Realtors wrote. “The median price rose 7.3% to $300,500 in the first quarter of 2025 compared to the first quarter of 2024.”
The biggest problem continues to be a lack of homes that are for sale.
Real estate agents say Wisconsin’s inventory simply isn’t there.
“Total listings were relatively flat over the last 12 months, rising just 0.6% in March, whereas new listings fell 1.3% compared to March 2024,” the report added.
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Wisconsin Realtors President & CEO Tom Larson tried to find some good news in the numbers.
“When mortgage rates first tapped 5% almost three years ago some buyers stepped back from the market, hoping rates would improve. Now that 30-year rates have been in the 6% to 7% range for most of the last two years, there are signs that buyers are treating this as the new normal,” he said in a statement.” That bodes well for solid buyer demand going into the peak sales period.”
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