Metro Milwaukee residential home sales were up over July, 2010 by 8% and thank goodness for that! The number of homes sold is still considerably down because July, 2010 saw a large drop in sales. This August increase is a step in the right direction as we head into fall.
Last fall, real estate sales in Metro Milwaukee were very strong due to the First Time Home Buyer tax credits. September may be a strong month for closings as those who had a binding contract in place by April 30, 2010 were given an extension until September 30, 2010 to close and still get the credit. It is important to note that with today’s low interest rates, even without a tax credit, buyers can save thousands on the purchase of a home now.
The chart is not pleasant to look at. However, August’s increase is a small positive. Source Metro MLS
By County, here are the results for year to date Metro Milwaukee real estate sales compared to 2009:
Milwaukee County -6.7%
Waukesha County 0.7%
Ozaukee County 11.4%
Washington County -7.9%
Racine County 2.0%
These numbers and charts give you an idea of what’s going on in the Metro Milwaukee, Wisconsin real estate market and we hope you find this information useful. For more details on Metro Milwaukee real estate, drop us a comment or question. To see what’s for sale in Metro Milwaukee, Wisconsin, search firstweber.com here.
Thanks for reading about the Metro Milwaukee real estate market at the First Weber Wisconsin Real Estate blog.