April 2025 at a glance

• For a second straight month, home sales fell by a substantial margin while prices increased. Existing home sales slid 10.4% when compared to April 2024, and the median price increased 7.3% to $322,000 over that same 12-month period.
• The year-to-date sales were down just 3.5% compared to the first four months of 2024, due to solid growth in January and February of this year. Home sale prices rose 8.8% when compared to the first four months of 2024. This pushed the median sale price to $310,000.
• Statewide inventories improved 5.9% to 3.6 months of available supply in April, but they remained well below the six-month benchmark of supply that signals a balanced market. To reach what is considered a balanced market, the state would need April total listings to increase 67% from current levels.
• April supply levels were static at 3.2 months of supply for larger metropolitan counties. However, they improved 8.6% to 3.8 months in micropolitan counties that contain smaller cities and towns, and they were up 13.6% to five months of available supply in rural counties.
• The Wisconsin Housing Affordability Index measures the percentage of the median-priced home that a representative buyer with median family income qualifies to purchase, assuming 20% down and the unpaid balance financed with a 30-year fixed mortgage at current rates. Affordability was essentially unchanged, rising just 0.8% over the last 12 months. This is because the 7.6% increase in median family income and quarter-point improvement in mortgage rates more than offset the 7.3% increase in the median price.