(The Center Square) – Rising prices are not scaring Wisconsin home buyers away.
The latest Wisconsin Realtors Report, for March, shows another increase in prices. But it also shows a sizable jump in sales.
“Sales rebounded in March after a slow start in January and February. As we enter the peak period for sales, it’s good to see this bounce in closings, and hopefully it continues into the summer,” Realtors chairwoman Amy Curler said.
March 2026 home sales jumped 7% compared to March of 2025. The real estate agends said they closed on 4,750 homes last month, compared to 4,441 last March.
Since January, home sales in Wisconsin have steadily grown.
According to the report, sales were up more than 2% for the first quarter of 2026. That is noteworthy, particularly because prices are growing as well.
“The annual appreciation of home prices ticked up, rising 6.5%, and the modest improvements in family income and mortgage rates just kept pace with that price increase. Supply remains tight, so we really need to see consistent reductions in mortgage rates for affordability to improve,” Realtors CEO Tom Larson added.
The median price for a home in Wisconsin increased last month, jumping to $330,000. That’s a 6.5% increase from March of last year.
That is, of course, the statewide median price. Homes in the Madison-area remain more expensive. The median price for a house in south central Wisconsin hit $395,000 last month. Homes in southeast Wisconsin, which includes Milwaukee, saw a median price of $340,000.
Homes in central and northern Wisconsin remain the only ones with a median price less than $300,000. The Realtors report said the median price there is $272,000. The median price in northern Wisconsin saw a median price of $275,000.
The report adds that interest rates on 30-year mortgages have fallen, but the real estate agents said there continues to be not enough homes for sales.
