WISCONSIN (WTAQ-WRN) — January home sales dropped by more than a third over the year as prices rose in Wisconsin.
That’s according to the latest Wisconsin Realtors Association report, which shows a total of 3,114 homes sold last month, compared to 4,702 homes sold in January 2022. That’s a 33.8 percent decline.
Realtors Association President and CEO Michael Theo notes in the report that Wisconsin has been experiencing a seller’s market for nearly six years. In the last three years, that trend has been pronounced with a persistent lack of available housing stock.
The median home price climbed 8.5 percent over the year, from $230,050 to $250,00 last month.
