Metro Milwaukee real estate update for January, 2011

February 22, 2011

As reported statewide on the Wisconsin real estate news page, the number of Wisconsin home sales was up in January, 2011 and the median price was down 4%.  What does that mean for individual regions of Wisconsin or counties? Does the same scenario play through? We’ll look at each region in Wisconsin through the next week to give a more local view, starting with Metro Milwaukee. (numbers from Wisconsin Realtors Association)

Region County Median Price 1/2011 Median Price 1/2010 % change Sales 1/2011 Sales 1/2010 % change
Southeast WI Milwaukee $104,250 $110,800 -5.9 386 345 +11.9
Southeast WI Ozaukee $197,500 $232,000 -14.9 36 37 -2.7%
Southeast WI Washington $197,500 $188,000 +5.1% 62 47 +31.9%
Southeast WI Waukesha $225,000 $222,000 +1.4% 166 145 +14.5%
Southeast WI Racine $105,750 $103,200 +2.5% 96 78 +23.1%
Southeast WI Regional Total $149,750 $160,000 -6.4% 650 574 +13.2%

Washington County, Waukesha County and Racine County were up in both median price and number of homes sold. Ozaukee County was the only county in the Metropolitan Milwaukee area to see a dip in sales this January.

There are statistics available on a communtiy level, too.  If you would like stats run in your area, ask a First Weber agent or leave a comment on the blog.

Thank you for reading the First Weber Wisconsin real estate blog for an update on the Milwaukee real estate market.

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