October real estate sales soar in Milwaukee area

October was a fantastic month for Metro Milwaukee residential real estate! (November had good news too, but we’ll get to that later)  These statistics are courtesy of the Metro Milwaukee Multiple Listing Service.

Sales soared 33% over October of last year. 

1191 homes were sold MLS wide October, 2007.

1093 homes were sold October, 2008

1464 homes were sold this October, 2009.

The First Time Homebuyer credit certainly had something to do with this. The credit, due to expire November 30, had many buyers scrambling to close by then. Thankfully, on November 7, 2009, the credit was extended until April 30, 2009 with extra time added to close.  (That’s November’s good news so far)  Normally, November’s sales slow down – a simple seasonal thing.  It will be very interesting to see November’s sales this year. I am betting they will be strong!

This is all great news for Wisconsin homeowners!  If you have Wisconsin real estate market question, please send us a comment and let us know what you are looking for.

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