(The Center Square) – There is more good news for people looking to buy a house in Wisconsin’s latest home sales report.
The Wisconsin Realtors Association recently released its report on June home sales that showed a huge jump in sales.
“Existing home sales increased 8.1% over June 2024 – the first year-over- year increase in June sales in four years,” the report states.
The Realtors say more than 7,100 homes were sold in June of this year. June of 2024 saw just over 6,600.
Realtors Board Chair Chris DeVincentis said June is usually a busy month, but June of 2025 was particularly busy.
“June is usually our most active month for closings, with just over 11.5% of the state’s annual sales typically taking place during that month,” DeVincentis said. “So, it was good to finally see an upturn in June’s performance compared to the previous June.”
But it’s not just the jump in sales that is grabbing attention.
The Realtors report also shows a nearly 5% jump in available homes compared to last year, and a less than 5% jump in home prices.
“This is the fourth straight month where median price appreciation has been moderate, with prices going up less than 5% annually in three of those four months. In contrast, the annual appreciation of median prices has exceeded 5% every month since June 2020 when we were in the depths of the pandemic,” Realtors president and CEO Toim Larson said. “We hope this moderation in prices is a trend rather than an aberration.”
The median price for a home in Wisconsin last month hit $434,000. That’s up from $325,000 last June, and $330,000 last month.
But those are median, statewide prices. Local prices continue to vary from a median price of $265,000 in central Wisconsin to $399,900 in the Madison/Dane County area.
Madison/Dane County and the Milwaukee area continue to see most of Wisconsin’s home sales. The June report shows just less than 55% of homes sold last month were in the two areas.
The other numbers from the report are positive, even if they are not overwhelming.
The Realtors say mortgage interest rates dropped from 6.92% last June to 6.82% last month. At the same time there was a 0.1% increase in year-to- date home sales compared to last year, and a two day increase in time on the market from June of 2024 to June 2025.
