Metro Milwaukee real estate update from First Weber Group

October 27, 2010

Last fall was an exciting time for real estate sales all over Wisconsin – there was a tax credit getting buyers into homes.  This year there was also a tax credit which pushed closed sales up … Spring and summer real estate sales in metro Milwaukee and other areas of Wisconsin were performing nicely.   But no wonder sales are down this fall: no tax credit, sales pushed forward. Comparing 2009 monthly stats to 2010 monthly stats is not comparing apples to apples.  You need to keep that in mind when reading media reports and talk to a First Weber agent who knows the numbers and the reasons.

It is no surprise September Metro Milwaukee home sales are down because of the reasons mentioned above. First Weber wants you to notice the metro Milwaukee home sale prices. They are rising or relatively stable.  Only Racine County saw a price decrease. However, Racine County closed sales decreased the least of the metro Milwaukee counties in September of 2010.

County Average Price (Jan-Sept) 2009 Average Price (Jan-Sept) 2010 Percent Change
Milwaukee $136,382 $145,844 +6.9%
Ozaukee $280,261 $281,846 +0.6%
Washington $195,269 $198,742 +1.8%
Waukesha $268,976 $271,844 +1.0%
Racine $156,060 $144,667 -7.3%

Source Metro MLS

Understanding what is happening in your local market is important if you are buying or selling.  Take time to contact your First Weber agent and discuss what the stats mean for you.

Thank you for reading the First Weber Wisconsin real estate blog for metro Milwaukee real estate statistics.  If this post helped you, please share it. As always, comments and questions are welcome.

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