May home sales dip in Wisconsin, prices continue to climb

(The Center Square) – Homes in Wisconsin continue to get more expensive, even as last month saw a bit of a slowdown in sales.

The latest Wisconsin Realtors Report shows a nearly 3% dip in sales compared to May of last year.

“Existing home sales fell 2.8% year over year in May,” the report noted. “Year-to-date sales increased by 2.6% compared to the first five months of 2025.”

The dip in sales, however, did not translate to a dip in prices. In fact, prices went up last month.

“The statewide median home price rose 6.8% to $352,500,” the report added.

One of the reasons why prices continue to grow, real estate agents say there simply aren’t enough homes for sale.

“Inventory remains constrained at 4.1 months statewide, unchanged from last year. [And] new listings increased 0.8%, and total listings increased 2.5% year over year,” according to the report.

“Millennials represent our largest population cohort, and the current inventory weakness has a big impact on that demograp...