Wisconsin Housing Report Feb 2022

  • February home sales slipped 4.7% compared to February 2021 as inventories continued to tighten in 2022. With demand remaining strong, the statewide price rose 9.3% over the past 12 months to $235,000.
  • On a year-to-date basis, existing home sales were down 3.8% compared to the first two months of 2021, and the median price increased 10.5% to $233,750.
  • Inventory levels continued to shrink statewide. New listings dropped 7.7% over the last 12 months, and total listings are down 17% over that same period.
  • The seller’s advantage has strengthened since this time last year. The months of inventory fell from 2.2 months of supply in February 2021 to just 1.9 months of available supply in February 2022. This remains well below the benchmark of six months of supply that signals a balanced market.
  • REALTORS® continue to move homes quickly, with the average days on the market falling to just 82 days statewide, which is a decline of 13.7% compared to February 2021. Every region of the state saw average days on the market decline over the last 12 months.

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