Both Home Sales and Prices Increase at Midpoint of 2026
Madison, Wis. — The Wisconsin REALTORS® Association released its June 2026 Real Estate Report today, showing Wisconsin’s housing market rose in both home sales and prices through the first half of the year, reflecting continued buyer demand despite affordability challenges and a still-constrained supply of homes.
Existing home sales increased 5.9% in June compared to June 2025, while the statewide median home price rose 5.9% over the same period to $360,000. Year-to-date, existing home sales were up 3.7 percent, and the median price climbed 6.3% to $340,000 compared to the first six months of 2025.
While inventory remains below the level considered indicative of a balanced market, the number of homes coming onto the market continues to improve. Supply held steady at 4.2 months in June, unchanged from a year ago but still below the six-month benchmark associated with a balanced existing home market. New listings increased 4.8% over the past year, while total active listings rose 3.3 percent.
Even with mortgage rates modestly lower than a year ago, housing affordability continued to decline. Wisconsin’s affordability Index fell 1.7% over the last 12 months as rising home prices more than offset a slight decline in mortgage rates and weak growth in median family income.
Affordability challenges continue to weigh most heavily on first-time homebuyers, who face a shrinking supply of lower-priced homes. Over the past five years, the share of homes listed for less than $350,000 declined from 68.9% in June 2021 to 46.2% in June 2026.
Amy Curler, 2026 Chair of the Board of Directors, Wisconsin REALTORS® Association, stated, “Although months of inventory remained static, there were more new listings of homes on the market, which resulted in more total listings than last year. This led to a solid increase in sales for the month of June.”
Tom Larson, President & CEO, Wisconsin REALTORS® Association, highlighted that, “In a typical year, June is the strongest month for closings, so it was good to see a healthy bounce in June sales, which led to a solid first half for the year. While affordability remains a challenge for first-time buyers, higher inventory helps grow sales and also helps moderate price appreciation. Hopefully these trends continue throughout the second half of 2026.”
Dave Clark, Professor Emeritus of Economics and Wisconsin REALTORS® Association Consultant, noted, “The WRA has tracked listings of existing homes by price range since 2007. Focusing on the most recent five-year period, the median price has increased 40.6% between June 2021 and June 2026, which translates into an annual appreciation rate of 6.8%. Although total listings are up 4.1% over the last five years, the total number of listings below $350,000 is down by 33.2%. Inventory is expected to increase as baby boomers continue to transition out of single-family detached homes. The reality is that the share of homes under $200,000 now accounts for only about 15% of listings, and that percentage will continue to decline over time.”
REPORT HIGHLIGHTS:
- Existing home sales rose 5.9% year over year in June, while the median home price increased 5.9% to $360,000.
- Year-to-date sales increased 3.7% compared to June 2025, with prices up 6% to $340,000.
- Inventory remains constrained at 4.2 months statewide, unchanged from last year.
- New listings rose 4.8 percent, and total listings increased 3.3% year over year.
- The average 30-year fixed mortgage rate was 6.49 percent, down 33 basis points from last year.
- The market share of homes listed under $350,000 declined from 68.9% in June 2021 to 46.2% in June 2026.
About the WRA
The Wisconsin REALTORS® Association (WRA) is one of the largest trade associations in the state, headquartered in Madison, Wis. The WRA represents and provides services to more than 17,500 members statewide, made up of real estate sales agents, brokers, developers, appraisers, inspectors, bankers and other professionals who touch real estate. The WRA is under the direction of a statewide board of directors, comprised of members from the top real estate firms around the state.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
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