RASCW housing market statistics show tight inventory, hope for coming months 

The Realtors’ Association of South Central Wisconsin (RASCW) has released housing market statistics for January–April of this year. 

Limited inventory is creating competition among buyers and bolstering list-to-sales-price ratios. Although across the region the number of new listings through April at 4,534 has outpaced supply at 3,290, total supply remains tight. 

A balanced market will have three–six months’ supply, yet the south-central Wisconsin region hovers around one month. Dane County has under one month’s supply, which causes increased competition. 

Year-to-date, across south-central Wisconsin, the median sales price through April has increased 6.9%. Dane County’s median sales price increase has been more than some counties during the height of the market and remains strong at 6.3%. 

The 30-year fixed-rate mortgage increased modestly for the second straight week, but with the rate of inflation decelerating, rates should gently decline over the course of 2023. Incoming data suggest the housing market has stabilized from a sales and house price perspective.