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8-25-23 wisconsin home sales down, prices up

todayAugust 24, 2023

A tight inventory continues to push Wisconsin home sales down and prices up.  The Wisconsin REALTORS® Association released its July 2023 Real Estate Report Thursday.  Weak inventories continue to limit sales of existing homes and drive prices up significantly.  July 2023 closings slid 20.8% compared to July 2022, and the median price rose 7.5% to $300,000.  This was the second straight month where the statewide median price was at or above the $300,000 mark.   Meanwhile, mortgage rates continue to rise – adding to the challenges for some buyers.

Written by: Radio Plus

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