The latest Wisconsin Realtors Association (WRA) report shows home affordability in Wisconsin reached an all-time low in May, according to WisBusiness, even as home sales went up 11% over the year. Total listings and median prices continue to increase, with a total of 6,566 homes sold statewide in the last month (compared to 5,917 in May of last year).
Other key findings include:
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Year over year, year-to-date home sales rose 12.1% from 21,281 in early 2023 to 23,849 over the first five months of 2024;
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Total listings went up 5.4% over the year, from 17,732 to 18,685;
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Wisconsin’s median home price increased by 6.9% over the year, from $295,000 to $315,000.
Click here to view the full WRA report.
