REPORT – Wisconsin Home Sales and Prices Continue to Rise in October
Wisconsin REALTORS® Association Releases October 2025 Real Estate Report
Madison, Wis. – The Wisconsin REALTORS® Association (WRA) released its October 2025 Wisconsin Real Estate Report today, revealing that for the fifth straight month, both existing home sales and median prices increased statewide, and total listings increased by 1.7% relative to October 2024. Closings rose 3.4%, while the median home price rose 6.9% to $331,500 compared to October 2024. Affordability dropped 1.5% compared to October 2024, and the average 30-year fixed mortgage rate fell from 6.43% in October 2024 to 6.25% in October 2025. Year to date, home sales increased 2.4%.
Chris DeVincentis, 2025 Chair of the Board of Directors, Wisconsin REALTORS® Association, noted that, “As we move into the slower season for home sales, it’s good to remind potential buyers that sellers who list their homes during the colder months of the year are often highly motivated to sell. This can translate into more favorable price concessions from those sellers.”
Tom Larson, President & CEO, Wisconsin REALTORS® Association, highlighted that, “The average 30-year fixed rate mortgage was just under 7% in January 2025 and fell to 6.25% in October. Hopefully, these trends continue and we start to see real improvements in affordability.”
David Clark, Professor Emeritus of Economics and Wisconsin REALTORS® Association Consultant, stated that, “Although federal government shutdowns typically don’t have lasting effects on the national economy, they are disruptive. For example, the Fed closely monitors national economic data on inflation and labor market conditions, and unfortunately, the U.S. Bureau of Labor Statistics did not collect or analyze data for the six weeks of the shutdown. Fed Chair Powell has hinted at delaying a cut in short-term rates in December until more data becomes available.”
REPORT HIGHLIGHTS:
- Existing home sales in Wisconsin rose 3.4% in October compared to last year, with the median price increasing 6.9% to $331,500. Year-to-date sales are up 2.4%.
- Total listings rose 1.7% compared to last October, signaling a modest improvement in housing supply. Despite this, the market remains tilted towards sellers with just 3.9 months of inventory, below the six-month benchmark for balance.
- The average 30-year fixed mortgage rate declined to 6.43%, continuing on a downward trajectory over the past 12 months.
- Homes were on the market an average of 71 days, up 4.4% from last year.
- Affordability fell 1.5% over the past year as rising prices and interest rates offset income gains.
- The Wisconsin Housing Affordability Index declined from 132 in October 2024 to 130 in October 2025.
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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