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.
