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Pandemic slows May home sales
real estate home sold

MADISON — The severe economic consequences of COVID-19 had a significant impact on existing home sales in May, according to the Wisconsin REALTORS Association. 

In its monthly analysis of home sales, the WRA found May home sales fell by 25.8% on a year-over-year basis. Median prices continued to rise at a robust pace, increasing 6.2% to $214,000 in May relative to May 2019. Comparing the first five months of 2020 to that same period last year, existing home sales slipped 5.5% and the median price rose 7.9% to $205,000.

The median price for Green County increased by 19.2% to $205,000 with home sales decreasing by 27%.

The home sales for Lafayette County remained the same with the median price decreasing by 7.4% to $109,000.