Statewide home sales in July dipped 0.3% over the year as home prices and total listings increased over the same period, the Wisconsin Realtors Association reports.
The group’s July report shows 6,820 homes were sold in Wisconsin last month, down slightly from 6,843 in July 2024. At the same time, year-to-date home sales are 0.5% higher than during the same period of 2024, WRA says.
While sales last month were “relatively flat,” total listings were on the rise. The number of listings in the state increased 7.3% over the year, from 21,452 in July 2024 to 23,109 last month.
“All of our measures of inventory improved in July, which continues a general trend we’ve seen since April,” WRA Board of Directors Chair Chris DeVincentis said in the report. “Addressing the inventory shortage is key to improving sales and moderating the rapid appreciation of prices.”
That higher inventory level led to better sales growth in rural parts of the state, the report shows, as inventory growth in the state’s northern region rose 13% to 6.1 months of supply while closed sales also increased 12% over last year.
Wisconsin’s median home price rose 4.5% over the year from $322,500 to $337,125 last month.