Madison, Wis. – The Wisconsin REALTORS® Association (WRA) released its June 2025 Wisconsin Real Estate Report today, revealing that existing home sales increased 8.1% over June 2024 — the first year-over-year increase in June sales in four years. Meanwhile, the statewide median home price rose 4.6% to $340,000. Affordability improved 2.6% year over year, and the average 30-year fixed mortgage rate fell slightly, from 6.92% in June 2024 to 6.82% in June 2025. Year-to-date, home sales were essentially flat, rising just 0.1% compared to the first half of 2024, while the median home price increased 6.7% to $320,000.
Chris DeVincentis, 2025 Chair of the Board of Directors, Wisconsin REALTORS® Association, highlighted that “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. So it was good to finally see an upturn in June’s performance compared to the previous June. Hopefully ongoing inventory improvements bode well for the remainder of the peak summer sales period.”
Tom Larson, President & CEO, Wisconsin REALTORS® Association, pointed toward the importance of price stability: “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 had exceeded 5% every month since June 2020. We hope this moderation in prices is a trend rather than an aberration.”
David Clark, Professor Emeritus of Economics and WRA Consultant, noted some inflation implications: “The Fed’s target for inflation should benefit from moderating home prices. Indeed, the single largest share of expenses in the Consumer Price Index (CPI) is owner-occupied shelter, which represents just over 26% of all expenses in the bundle of goods that the U.S. Bureau of Labor Statistics tracks when computing the CPI. Lower housing price appreciation will help move inflation closer to the Fed’s 2% target rate for core inflation, which will increase the likelihood of a rate cut later this year.”
REPORT HIGHLIGHTS:
- Existing home sales rose 8.1% for the first time in June 2025 compared to June 2024 This is the first June increase in four years. Relative to June 2024, median home price rose 4.6% to $340,000.
- Five of the six regions saw improvement in months of supply compared to June 2024, with the strongest improvement seen in the less urban areas of the state. The North region was up 17.6% to 6 months of supply, indicating a balanced market in that region. The Central region rose 15.4% to 4.5 months, and the West region was up 4.9% to 4.3 months of supply. The South Central region was unchanged at 4 months of supply, and the remaining Northeast and Southeast regions saw modest improvement but remained below 4 months of supply.
- The statewide inventory picture has improved. New listings rose 5% in June compared to that same month last year. Total listings also rose 4.7% to just over 22,000 homes on the market, and months of available supply increased 8.1% to 4 months of supply.
- All urban classifications saw improvement in months of supply. Metropolitan counties with large cities as well as micropolitan counties with smaller cities and towns remained strong seller’s markets, with just 3.5 and 4.2 months of supply, respectively. However, rural counties improved to 5.2 months of supply in June 2025, which is close to the 4-month benchmark.
- Affordability improved 2.6% over the past 12 months but remains low by historical standards. The Wisconsin Housing Affordability Index measures the percent of the median-priced home that a buyer with median family income qualifies to purchase, assuming 20% down and the remaining balance financed with a 30- year fixed mortgage at current rates. The index value was 120 in June 2025. The WRA has tracked affordability since 2009, and the lowest value for the index was 116, recorded in June 2024.
