As we head into fall, we can look back at June, July and August for three strong months of sales in the metro Milwaukee real estate market. Sales are still not back to the level of 2009 but are far and above sales last year where statistics were affected by limited time home buyer tax credits. We are headed in the right direction.
Here’s a look at the last 3 months of sales of residential property in the Metro Milwaukee area. Data courtesy Metro MLS.
| Month | Sold 2009 | Sold 2010 | Sold 2011 | 2009 vs 2011 | 2010 vs 2011 |
| June | 1582 | 1550 | 1419 | -10.3% | -8.5% |
| July | 1619 | 885 | 1289 | -20.4% | 45.6% |
| August | 1500 | 946 | 1338 | -10.8% | 41.4% |
Now looking at the major counties, August sales only.
| County | Sold 2009 | Sold 2010 | Sold 2010 | 2009 vs 2011 | 2010 vs 2011 |
| Milwaukee | 900 | 535 | 747 | -17% | 39.6% |
| Waukesha | 369 | 277 | 372 | 0.8% | 34.4% |
| Ozaukee | 88 | 69 | 94 | 6.8% | 36.2% |
| Washington | 143 | 65 | 125 | -12.6% | 92.3% |
| Racine | 177 | 135 | 183 | 3.4% | 35.6% |
According to Mike Ruzicka, president of the Great Milwaukee Association of Realtors, buyers have been taking advantage of big discounts in the market. Almost 63% of home sales in August were $199,999 or less.
If buying a home anywhere in Wisconsin is on your mind, please see what is available at firstweber.com. You may be pleasantly surprised at what your money can buy. To see what home around you have sold for, please try a sold search at firstweber.com. It’s free. Some areas of Wisconsin may need to register for a free My First Weber Account to access sold property data per MLS rules.
Thanks for reading this Metro Milwaukee real estate sales update from First Weber Group. We are headed in the right direction. To sell now, you have to be prepared. Check out this article on “9 tips on home selling”