Wisconsin Home Sales and Prices Both Increased in April
Wisconsin REALTORS® Association Releases April 2026 Real Estate Report
Madison, Wis. — The Wisconsin REALTORS® Association released its April 2026 Real Estate Report today, showing that the state’s housing market continued its strong spring performance, with both sales and prices increasing for the second consecutive month despite ongoing inventory constraints.
Existing home sales increased 7.4 percent compared to April 2025, while the statewide median home price rose 6.3 percent to $340,000. On a year-to-date basis, sales are now up 4.1 percent compared to the first quarter of 2025, with the median price increasing 4.9 percent to $325,000. Inventory remains constrained, with just 3.7 months of supply statewide, which is well below the six-month level typically considered balanced. New listings increased 5.6 percent year over year, but strong buyer demand kept total listings rising at only 0.2 percent.
Mortgage rates provided modest relief compared to April 2025, with the average 30-year fixed rate falling 40 basis points to 6.33 percent. Affordability slipped to 1.6 percent year over year, with the Wisconsin Housing Affordability Index dipping to 127 as strong price appreciation outpaced improvements in mortgage rates and family income.
Amy Curler, 2026 Chair of the Board of Directors, Wisconsin REALTORS® Association, highlighted that “we’re pleased to see March’s sales momentum extend into April across Wisconsin. Even with limited inventory, the consistency in activity reflects resilient buyer demand and continued strength in our existing home market.”
Tom Larson, President & CEO, Wisconsin REALTORS® Association, stated, “The spike in sales has put significant stress on the limited supply. With just 3.7 months of supply, we would need inventory to increase by nearly 62% to get to a balanced market. For potential sellers, this is an excellent time to list as we move into the all-important peak summer market.”
Dave Clark, Professor Emeritus of Economics and Wisconsin REALTORS® Association Consultant, noted: “Annual headline inflation jumped from 2.3 percent in April 2025 to 3.8 percent in April 2026 because of the unresolved conflict in the Middle East. Even with that uncertainty, the economy remains on solid footing, with stronger-than-expected job growth and inflation-adjusted GDP up 2 percent in the first quarter. The predictable spike in inflation from higher oil prices will likely result in the Fed holding the line on interest rates for the foreseeable future.”
REPORT HIGHLIGHTS:
- Existing home sales increased 7.4 percent year over year in April, while the median home price increased 6.3 percent to $340,000.
- Year-to-date sales increased 4.1 percent compared to April 2025, with prices up 4.9 percent to $325,000.
- Inventory remained tight at 3.7 months statewide, continuing to favor sellers.
- New listings increased 5.6 percent, but total listings increased just 0.2 percent due to strong buyer activity.
- The average 30-year fixed mortgage rate fell to 6.33 percent, down from 6.73 percent one year earlier.
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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