Madison, Wis. – The Wisconsin REALTORS® Association (WRA) released its May 2024 Wisconsin Real Estate Report today, the first report from the traditional peak season for home sales. May 2024 home sales rose 11% compared to May 2023, and the median price rose to $315,500, which is a 6.9% increase over the past 12 months. Despite the increase in sales, the average 30-year fixed-rate mortgage rose 63 basis points over the past 12 months, hitting 7.06% in May, causing affordability to drop to an all-time low.
