Prices Up, Sales Down

Prices Up, Sales Down

Prices are up for residential real estate in Wisconsin despite a significant drop in sales. 

Data from the Wisconsin Realtors Association shows the median price for a home in the state went up by nearly seven percent between May of 2022 and last month, from two-hundred-75-thousand to around two-hundred-94 thousand.  The report also shows a sizeable decline in overall sales during that time period, down by more than 21 percent.  Experts believe higher interest rates and a slow down in new home construction are contributing to a smaller supply of available properties.

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