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June 2025 Home Sales Report

Wisconsin Home Sales and Median Sale Prices Rise in June

Date: July 24, 2025

June 2025 at a glance

  • Wisconsin existing home sales rose by significant margins in June as median prices increased at a modest pace. June home sales rose 8.1% compared to closed sales in June 2024, which is the first increase in June sales in four years. Compared to June 2024, the median price increased 4.6% to $340,000.  
  • Evaluating the first half of 2025, home sales were essentially unchanged, rising just 0.1%, relative to the first six months of 2024; and the median price increased 6.7% to $320,000.
  • All indicators of inventory showed improvement in June compared to 12 months earlier.  New statewide listings rose 5%, total listings rose 4.7% and months of available supply increased 8.1%. Still, this remains a seller’s market with just 4 months of supply. We would need total statewide listings to increase by 53% for the market to reach the six-month supply indicator of a balanced market.
  • 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.
  • Affordability was up slightly, rising 2.6% over the last 12 months. However, it is important to note that Wisconsin’s affordability measure in June 2024 was at a record-low level since the WRA began tracking this measure in January 2009.

Additional analysis

Sales Improve During Most Active Month for Closings

“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.”

Chris DeVincentis, 2025 Chair of the Board of Directors, Wisconsin REALTORS® Association

Moderating Price Appreciation

“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. We hope this moderation in prices is a trend rather than an aberration.” 

Tom Larson, President & CEO, Wisconsin REALTORS® Association

Moderating Housing Prices Help Contain Inflation

“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.”

Dave Clark, Professor Emeritus of Economics and WRA Consultant

About the WRA

The Wisconsin REALTORS® Association is one of the largest trade associations in the state, representing over 17,500 real estate brokers, salespeople and affiliates statewide. All county figures on sales volume and median prices are compiled by the Wisconsin REALTORS® Association and are not seasonally adjusted. Median prices are only computed if the county recorded at least 10 home sales in the quarter. All data collected by the WRA is subject to revision if more complete data becomes available. Beginning in June 2018, all historical sales volume and median price data from 2015 forward at the county level have been re-benchmarked using the Relitix system that accesses MLS data directly and in real-time. Data prior to January 2015 is derived from the Techmark system that also accessed MLS data directly. The Wisconsin Housing Affordability Index is updated monthly with the most recent data on median housing prices, mortgage rates and estimated median family income data for Wisconsin. Data on state foreclosure activity is compiled by Dr. Russ Kashian at the University of Wisconsin-Whitewater. 

Note that the WRA employs a slightly different protocol to determine inventory levels than the protocol used by the REALTORS® Association of South Central Wisconsin (RASCW). For consistency, the summary tables for the South Central region reported in the WRA release employ the WRA approach. However, a modified table employing the RASCW methodology is available from the WRA upon request.