Wisconsin home prices up

(The Center Square) — Wisconsin’s real estate agents say there are too few homes for sale, and those that are available are once again getting more expensive.

"Existing home sales fell for a third straight month," the May 2025 Realtors report released Thursday says. "Specifically, closed sales fell just 2.1% over the past 12 months. Relative to May 2024, the median price rose 4.3% to $330,000."

The report said May’s 2.1% drop in sales is much smaller than the 8.6% drop in sales in March, and 9% year-over-year drop in sales in April.

"As we move into the peak period for sales, it’s good to see a solid improvement in inventory levels over the last 12 months," Realtors Chairman Chris DeVincentis said in a statement. "More housing inventory will help moderate price appreciation and will lead to more buying opportunities."...

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Leo’s notes: Wisconsin’s housing market continues to reflect a core challenge: too few homes for sale, driving prices higher and limiting options for buyers. While rising incomes and improving inventory offer some hope, sustained efforts to expand housing supply remain essential to improving affordability and access across the state.