Shocking Spike in Home Prices!

The Wisconsin housing market in 2024 has seen significant changes, presenting unique opportunities for buyers and sellers alike. According to Rich Barnes, owner and broker of Realty Experts in West Allis and Greenfield, Wisconsin, new listings have surged by over 20%, and sales have increased by more than 3% compared to last year. Home prices have reached a new median of $275,000, marking a 5.7% increase. This spike creates a competitive environment for buyers, who face rising mortgage rates and multiple offer situations. Meanwhile, sellers benefit from a favorable market, with well-priced homes selling quickly and often receiving multiple offers. Despite the challenges, Rich Barnes and his team at Realty Experts are dedicated to helping clients navigate this dynamic landscape, leveraging over 85 years of combined experience to turn houses into homes. Contact Realty Experts today and rely on Rich Barnes for expert guidance in the evolving real estate market.