Metro Milwaukee real estate market becomes more balanced

November 11, 2009

The real estate market in most of the counties in Metro Milwaukee is becoming more balanced.  The third quarter stat report from the Metro Milwaukee MLS ranks counties from a 1 (buyer’s market) to a 5 (seller’s market).   We’re happy to report that Milwaukee County, Waukesha County, Ozaukee County, and Washington County are ranked as 3, indicating balanced.  Racine County was ranked as 2, showing a slight lean to the buyer’s market side.  The "days on market" for all these counties went down slightly, meaning it took less time to sell.

Third quarter, 2009 sales in Milwaukee, Waukesha, Ozaukee, Racine and Washington Counties were all up over second quarter, 2008 as shown below:

County # homes sold 2nd Q 2008 # homes sold 3rd Q 2009
Milwaukee 1578 1730
Waukesha 827 985
Ozaukee 179 214
Racine 390 413
Washington 265 289

The Homebuyer tax credit was extended and expanded to include current homeowners.  This should have an additional boost on sales. When you’re ready to search for a new home, please do so at

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