Statewide home sales, prices continue upward trend

Wisconsin's housing market saw an 8.1% increase in existing home sales and a 6.8% rise in median home price to $360,000 in July compared to last year. Home sales and prices grew statewide, with supply steady at 4.2 months, below the balanced market benchmark. New listings and active listings rose slightly, but affordability declined 4.1% due to rising prices, impacting first-time buyers as lower-priced homes dropped from 68.9% to 46.2% over five years.