WISCONSIN — Housing inventory levels continue to get better in the Badger State, according to the latest Wisconsin Realtors Association July housing report.

What You Need To Know

  • Over the last three months, from May to July, listings and months of available supply improved compared to the year earlier — both up over 7%

  • Industry leaders said they hope this helps cool down prices and increase sales

  • Despite some inventory improvements, sales were relatively flat statewide, going down 0.3% from July 2024 to July 2025

  • The median home price rose 4.5% over the last 12 months to $337,125

Over the last three months, from May to July, listings and months of available supply improved compared to the year earlier — both up over 7%.

Industry leaders said they hope this helps cool down prices and increase sales.

“All of our measures of inventory improved in July, which continues a general trend we’ve seen since April. Addressing the inventory shortage is key to improving sales and moderating the rapid appreciation of prices,” said Chris DeVincentis, Wisconsin Realtors Association 2025 chair of the Board of Directors.

Despite some inventory improvements, sales were relatively flat statewide, going down 0.3% from July 2024 to July 2025.

But in certain pockets of the state, sales are actually growing. In the north region of Wisconsin, sales in July went up 12% from last year. That may be partially tied to the impressive growth in inventory that region is seeing, with 6.1 months of available supply, an increase of 13%.

Affordability continues to be a challenge, the report found. That’s nothing new, as prices have continued to go up since last year.

The median home price rose 4.5% over the last 12 months to $337,125, though affordability did slightly improve a mere 1.7% since last year.

As to what will help combat this, leaders pointed to mortgage rates.

“The moderation of price appreciation and income growth both help, but the stubbornly high mortgage rates have kept Wisconsin affordability near record-low levels. Hopefully we see mortgage rates improve over the next year,” said Tom Larson, president and CEO of Wisconsin Realtors Association.

Mortgage rates have come down about 13 basis points from last year; however, rates have remained within the 6.5% to 7% range.

David Clark, professor emeritus of economics at Marquette University, said he expects some relief soon.

“The president has been urging the Fed to lower short-term interest rates, but Fed Chairman Jerome Powell has resisted this pressure, fearing that lowering rates will re-ignite inflation, which remains slightly above the Fed’s target rate of 2%. Although initial estimates show the economy grew at a solid 3% pace in the second quarter, there are signs of cooling,” said Clark.

Clark said as imports, exports and business investments fall, he expects the Fed to cut short-term interest rates as early as September.