Statewide home sales declined 9.2% over the year in November, signaling a “cooling market” as the year comes to a close.
That’s according to the Wisconsin Realtors Association, which is rolling out their latest monthly housing report today. A total of 5,093 homes were sold in the state last month, compared to 5,612 in November 2024, the report shows.
The group notes that’s the first monthly decline the state has seen since May.
Meanwhile, total listings continue on an upward trend with a 3.7% year-over-year increase in November. That’s the 26th month in a row where listings have risen on an annualized basis, WRA says.
“Although new listings have been somewhat variable this year, the trend of growth in total listings is now moving into its third year, which is a good sign that the total supply of homes has been steadily improving,” said Chris DeVincentis, chair of the WRA board of directors.
Still, prices continue to rise, with the state’s median home price increasing 4.8% to reach $325,000 in November, the report shows.
WRA President and CEO Tom Larson says affordability remains an issue in Wisconsin though he points to “some promising trends” over the year.
“Mortgage rates continue to trend downward, and the annual rate of home price appreciation averaged just 5.5% through the first 11 months of the year,” he said. “We hope these trends continue and lead to sustained improvements in affordability in 2026.”
See the report.
