Real Estate market continues to be hot in both Minnesota and Wisconsin

Wisconsin Housing Statistics
November 2020

Hot Housing Market Continues into November

Existing home sales continued to surge in Wisconsin as mortgage rates hit a new record low in November, setting Wisconsin on a record pace for sales while continued low inventory levels pushed home prices even higher, according to the latest monthly analysis of home sales by the Wisconsin REALTORS® Association. November home sales increased by 15.2% compared to their levels 12 months earlier, and the median price increased by 15.8% to $223,000. An evaluation of the year-to-date figures reveals that sales are up 5.7% compared to the first 11 months of 2019, and the median price has increased 11.4% to $220,000 compared to that period last year.

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