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The red-hot Wisconsin Real Estate market may be slowed by a lack of inventory soon.
Sales of existing homes have exceeded last year’s record pace so far in 2021. The Wisconsin Realtors Association reports more than 56,000 homes have been sold in the first eight months of this year.
The supply of available homes has been declining for years in Wisconsin. That has actually held back the pace of sales, pushing prices higher. The average home spent 88 days on the market last year in August – that figure is down to 65 days this year.
